Giulio Occhionero argues that option pricing models still contain hidden distortions and mispricings, despite decades of ...

Learn how the probability density function (PDF) helps financial analysts assess the distribution of stock or ETF returns, ...

Abstract: The Gaussian mixture probability hypothesis density (GM-PHD) filter has been successfully applied to various multiple target tracking (MTT) applications due to its ability to estimate both ...

Native Americans have been playing with dice in games of chance for more than 12,000 years, according to a new paper published in the journal American Antiquity. And the oldest examples of Native ...

Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the most important concept in modern science, especially as nobody has the ...

If someone told you that they were “probably” going to have pasta for dinner, but you later found out that they ate pizza, would you feel surprised – or even lied to? More seriously, what does it mean ...

As the global population continues to surge, cities become increasingly complex ecosystems, dense and bustling environments home to millions of people. Today, more than half of the world's population ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

ABSTRACT: In this paper, we explore the dynamic relationship between exchange rates, natural gas, and crude oil prices using the wavelet vine copula approach. The vine copula method offers the ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...