This simple formula can help you deduce the answer to a complex financial question that has a myriad of related probabilities and update it as needed.

Learn about the mathematical formula you use every day without realising it.

Scientists at the University of California, San Diego (UCSD) have developed new insight into a formula that helped British cryptanalysts crack the German Enigma code in World War II.

Prior probability, in Bayesian statistical inference, is the probability of an event based on established knowledge, before empirical data is collected.

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

We are pleased to announce a new method of computing the bankruptcy risk of companies, the "Probability of Financial Distress."BackgroundJohn.