One ball on a Plinko board is unpredictable. Drop a thousand and they form a near-perfect bell curve—one of math’s most powerful ideas for 150+ years.

If someone told you that they were “probably” going to have pasta for dinner, but you later found out that they ate pizza, would you feel surprised – or even lied to? More seriously, what does it mean ...

Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...

The Home Depot announced that it has completed the acquisition of GMS Inc. (“GMS”) through its specialty trade distribution subsidiary, SRS Distribution Inc. (“SRS”), for a total enterprise value ...

Sean Stephens is a green-haired Canadian software executive who also makes music. He went viral on TikTok and Instagram Reels with his strange 2023 song “Rectangular,” which he sings in NYC’s Times ...

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 ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...

Private foundations contribute a staggering $105.21 billion to public charities annually, representing $1 out of every $5 donated. Internal Revenue Code Section 4942 requires private nonoperating PFs ...

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