Seen through an actuarial lens, the changing climate is not an ideology. It’s a risk management challenge already reshaping ...

Volatility is a fact of life in financial markets. There’s no way to avoid it. We see it all the time in the day-to-day price ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

Wall Street begins 2026 with conflicting signals. As noted above, while several Wall Street firms expect to see another year of “double-digit” gains in 2026, such follows three consecutive years of ...

Prediction markets have emerged as a fascinating frontier, inviting participants to speculate on the outcomes of future events. Spearheading this innovation, financial technology giant Robinhood has ...

Leaving the workforce marks a transition that can feel liberating for some and unsettling for others. After decades of ...

In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

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 ...