Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.

S ome groups of European Neanderthals may have lost the ability to make fire during the colder periods of their existence. As ...

Randomized clinical trials remain the gold standard for establishing a medication's effects, producing the evidence by which ...

Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.