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 ...

Abstract: Bayes’ rule, as one of the fundamental concepts of statistical signal processing, provides a way to update our belief about an event based on the arrival of new pieces of evidence.

David Harper is the CEO and founder of Bionic Turtle. He is also a published author with a popular YouTube channel on expert finance topics. Almost regardless of your view about the predictability or ...

I like to play Mario Kart 8, a racing game with some "combat" involved using items. In the game, you are given an item at random whenever you get an "item box". We'll look at two laws for calculating ...

Plot A has higher entropy than Plot B. Plot A has higher variance than Plot B. Plot C has the highest possible variance amongst distributions with support {0, 1, 2, 3 ...

The binomial distribution is a key concept in probability that models situations where you repeat the same experiment several times, and each time there are only two possible outcomes—success or ...