Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...

Forecasting the weather is by nature an imprecise science, and that’s why we use probability when determining the likelihood of rain, snow, or otherwise. “Probability of Precipitation” is what that ...

A variation of a puzzle called the “pick-up sticks problem” asks the following question: If I have some number of sticks with random lengths between 0 and 1, what are the chances that no three of ...

Word problems try and tell students a story about the math problem in front of them. They are a useful way to connect abstract numbers to concrete situations, so students can learn early on to apply ...

Working memory is like a mental chalkboard we use to store temporary information while executing other tasks. Scientists worked with more than 200 elementary students to test their working memory, ...

Abstract: This paper addresses the problem of designing nonlinear discrete-time dynamical systems for prospective use in low-complexity random signal generators. Drawing upon ergodic systems theory, ...

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 ...