We are pleased to announce a new method of computing the bankruptcy risk of companies, the "Probability of Financial Distress." John Campbell, Jens Hilscher and Jan Szilagyi developed a logit ...

I was preparing for my early morning class back in January 2025 when I received a notice regarding an asteroid called 2024 YR4. It said the probability it could hit Earth was unusually high. As ...

In order to get a more accurate estimate of the probability, we would need to look at a greater number of trials. Let’s imagine we have a bag containing two different types of sweet but we do not know ...