The world is full of uncertainty: accidents, storms, unruly financial markets, noisy communications. The world is also full of data. Probabilistic modeling and the related field of statistical ...
This small book has five chapters, the first four of which cover theoretical population genetics. Chapter 1 is on the basic models. After a barebone introduction to genetics terminology, the author ...
Traders in bonds and credit default swaps are bombarded with information on the default probabilities implied by credit spreads using a simple ratio. This ratio predicts that the credit spread will be ...
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