While trading options can be an incredibly lucrative exercise thanks to the underlying leverage, the practice is also wildly ...

This paper is concerned with predicting the probability of tendering the lowest bid in sealed bid auctions. Four of the leading models from the bidding literature are shown to be subsumed within a ...

A new book simplifies the mathematical probabilities of Texas Hold'em into easy-to-interpret playing strategies and ...

In ecological studies, it is useful to estimate the probability that a species occurs at given locations. The probability of presence can be modeled by traditional statistical methods, if both ...