Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...

Finding π using random numbers and probability. This short demonstrates a Monte Carlo approach, showing how randomness and statistics can converge to an accurate estimate of pi through repeated trials ...

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

French mathematician and astronomer, Pierre-Simon Laplace brought forth the first major treatise on probability that combined calculus and probability theory in 1812. A single roll of the dice can be ...

Online color prediction games have become a popular form of digital entertainment, especially in mobile-first economies ...

In the real world, probability is a tough thing to characterize. If I roll a die, what does it mean to say that it has a one-sixth chance of coming up 5? We say that the outcome is random because we ...