Measurement shows that almost one-half of all market days are down days and slightly more are up days, but close enough to think of it as 50/50. Just as the probability of getting a long string of ...

The study of stochastic comparisons and order statistics forms an integral part of probability theory and statistical modelling. At its core, stochastic comparison provides a rigorous framework for ...

Statistics is the science of analyzing data; the use of statistics is ubiquitous in science, engineering, medicine and epidemiology, marketing, and many other application areas. Probability theory ...

We compare distributions of residual lifetimes of dependent components of different age. This approach yields several notions of multivariate ageing. A special feature of our notions is that they are ...

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 ...