Modern digital gaming includes a wide range of probability driven titles where each round produces a clear multiplier or score outcome. These experiences often sit alongside arcade and instant outcome ...

The Federal Reserve should use Kalshi data to better gauge macroeconomic expectations in real-time and thus guide its decision-making, Fed researchers say.

The stochastic nature of renewable energy sources (RESs) necessitates treating power system frequency response as a random process with a nonstationary probability density function (PDF). Based upon ...

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Abstract: Several approaches have been developed to estimate probability density functions (pdfs). The pdf has two important properties: the integration of pdf over whole sampling space is equal to 1 ...

The COS method was introduced in Fang & Oosterlee (2008) and then was applied to pricing a variety of stock options for continuous random variables. This paper adapts the Fourier-cosine series (COS) ...