Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

Editor’s note: Previous versions of the simulation were incorrectly calculating each team’s odds of reaching the conference finals and beyond. That error has been ...

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

Using around 600 genetic matches of elephant tusks from the same individual or close relatives, from 49 ivory seizures across Africa, Wasser et al. reveal the scale, connectivity and movements of ...