Probability is a fundamental concept in mathematics and statistics that deals with the likelihood of events occurring. It provides a framework for quantifying uncertainty and making predictions based ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

We are pleased to announce a new method of computing the bankruptcy risk of companies, the "Probability of Financial Distress." John Campbell, Jens Hilscher and Jan Szilagyi developed a logit ...

Even babies can estimate the probability of an event, say scientists who suggest that our ability to analyse risks and benefits of any action begins to develop when we are just six months old. Babies ...

The hazard produced by natural phenomena on infrastructure and urban populations has been widely studied in the last 50 years. Researchers have recognised that the real danger posed by these phenomena ...

We are pleased to announce a new method of computing the bankruptcy risk of companies, the "Probability of Financial Distress." LPFD = -20.12 * NIMTAAVG + 1.60 * TLMTA - 7.88 * EXRETAVG + 1.55 * SIGMA ...