The multinomial distribution is a type of probability distribution used in finance to determine the likelihood of a certain set of outcomes.

In addition to predicting future sales levels, probability distribution can be a useful tool for evaluating risk. Consider, for example, a company considering entering a new business line.

A sampling distribution describes the data chosen for a sample from among a larger population.

This article reviews the important ideas behind random matrix theory (RMT), which has become a major tool in a variety of disciplines, including mathematical physics, number theory, combinatorics and ...

All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

Parts I and II of this paper have described a new theory for the analysis of games with incomplete information. Two cases have been distinguished: consistent games in which there exists some basic ...

The course covers the probability, distribution theory and statistical inference needed for advanced courses in statistics and econometrics. Michaelmas term: Probability.