For all the deference to “laws” of nature that supposedly govern everything that happens, the truth is that randomness rules the world. Everywhere you look, randomness is at work, in all the processes ...

What Are Risk-Neutral Probabilities? Risk-neutral probabilities are probabilities of potential future outcomes adjusted for risk, which are then used to compute expected asset values. In other words, ...

The rise of loot boxes in premium video games was one of the most controversial stories of the year, and it seems like mobile gaming is going to lead the way in providing transparency. Apple has added ...