Risk isn’t merely about the odds of winning. It’s about the severity of loss when things go wrong. The low-leverage index outperformed the high-leverage index by 103% over the decade, and surpassed ...

The World Science Festival's panel on Probability and Risk started out in an unusual manner: MIT's Josh Tennenbaum strode onto a stage and flipped a coin five times, claiming he was psychically ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

The chance of rain, shown on a weather app, is given as a percentage. This is a relative frequency, based on real data. The chance of rain, shown on a weather app, is given as a percentage. This is a ...

An OIP bushing failure on the 400-kV, 100-MVAR reactor caused this reactor fire. A large percentage of the power transformers in commission contain large quantities of mineral oil. While the ...

Monte Carlo simulation is a technique used to demonstrate risk and a range of possible outcomes, in which a financial plan is put through thousands of possible return paths for the portfolio to ...