Gamblers commonly think in terms of hot and cold streaks: Of having a lucky run, of probability pointing to a sudden and likely success at the tables or slot machines because they’ve been losing ...
The “Crash of 1987” and its aftermath provided me with a sharp flash of awareness; one that I’ve never forgotten and one that I share with every trader who’s lived through something similar. In the ...
Skew‐normal distributions extend the traditional normal model by incorporating a parameter that accounts for asymmetry, thereby providing a more flexible framework for modelling real‐world data.
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