Measurement shows that almost one-half of all market days are down days and slightly more are up days, but close enough to think of it as 50/50. Just as the probability of getting a long string of ...

Every electronic circuit has some noise and it can affect both analog and digital circuits. Some noise comes from outside interference while some comes from random factors such as thermal effects.

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 ...

THE approach to probability adopted in this book is conventional, but cautious. The two definitions, the one a priori, based on equally likely aspects of a system, the second a posteriori, based on ...