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

where $l$ and $u$ are the lower and upper probability bounds, while $\phi$ and $\psi$ denote propositional logic formulas. For example the following two sentences ...

Probability is the measure of the likelihood that an event will occur. In simple terms, it tells us how likely it is for a particular outcome to take place. When there are multiple events, calculating ...

According to the weak version of linguistic relativity, also called the Sapir-Whorf hypothesis, the features of an individual’s native language influence his worldview and perception. We decided to ...

Some machine learning models belong to either the “generative” or “discriminative” model categories. Yet what is the difference between these two categories of models? What does it mean for a model to ...

We elaborate on an alternative representation of conditional probability to the usual tree diagram. We term the representation “turtleback diagram” for its resemblance to the pattern on turtle shells.