Understanding Binomial Trees: Definitions, Examples, and Calculations

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

How your brain keeps time: Consistent probability calculations help you react rapidly

Humans respond to environments that change at many different speeds. A video game player, for example, reacts to on-screen ...

Website Plays the Lottery Every Second, Puts the Pitiless Nature of Probability on Full Display

The continued existence of lotteries is a demonstration of how little intuition humans have for probability. On some level, ...
The Economist

The problem with promotions

But when a role is genuinely different, fresh qualities matter. The transition to management is an obvious breakpoint. The ...
eLife

Separating selection from mutation in antibody language models

This important study introduces a new biology-informed strategy for deep learning models aiming to predict mutational effects in antibody sequences. It provides solid evidence that separating ...
Android Authority

BlueStacks problems and how to fix them

You will see the “incompatible Windows settings” error message pop-up when using the Nougat (32-bit) or Android 11 (Beta) versions of BlueStacks 5. You might also ...
Scientific American

Students Find Hidden Fibonacci Sequence in Classic Probability Puzzle

A variation of a puzzle called the “pick-up sticks problem” asks the following question: If I have some number of sticks with random lengths between 0 and 1, what are the chances that no three of ...
Harvard Business Review

Stop Solving Your Team’s Problems for Them

Sven, a sales leader, received a call from a major customer who was furious. Their order arrived late, the product was damaged, and to top it off, their invoice didn’t reflect the volume discount ...
Forbes

Leveraging Collaborative Problem-Solving To Address Organizational Problems

Complex organizational problems and chaos are silent killers of productivity and innovation. In today’s fractured work environment, they are more prevalent than ever. Political transitions, ...
The New York Times

Why Common Problems Are Often Worse Than We Realize

If you want to accentuate the importance of a problem, it seems sensible to explain how prevalent it is. Lots of people are at risk of Alzheimer’s disease. Lots of women carry a gene that makes them ...
Scientific American

Probability Probably Doesn’t Exist

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 ...
The Hollywood Reporter

‘Any Given Sunday’: THR’s 1999 Review

On Dec. 22, 1999, Warner Bros. released the Oliver Stone-directed NFL drama in theaters. By Kirk Honeycutt On Dec. 22, 1999, Warner Bros. released the Oliver Stone-directed NFL drama Any Given Sunday ...