Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

If you want to get people’s attention to address a problem, making it seem as big as possible is a nearly universal reflex. Across more than a dozen experiments, they find that describing how big a ...

Current AI models struggle to solve research-level math problems, with the most advanced AI systems we have today solving just 2% of the hundreds of challenges faced. When you purchase through links ...

AlphaProof and AlphaGeometry 2 are steps toward building systems that can reason, which could unlock exciting new capabilities. AI models can easily generate essays and other types of text. However, ...

Inflation and the ability of Democrats and Republicans to work together top the public’s list of the biggest problems facing the country, with 62% of Americans describing inflation as a very big ...

To solve tough problems at work, first ask these questions. Problem solving skills are invaluable in any job. But all too often, we jump to find solutions to a problem without taking time to really ...

BYD is running into some new obstacles as it expands its footprint in the Chinese and overseas markets. Chinese-made BYD models shipped to Europe, the Middle East, and South Asia are plagued with ...

When the Clay Mathematics Institute put individual $1-million prize bounties on seven unsolved mathematical problems, they may have undervalued one entry—by a lot. If mathematicians were to resolve, ...