Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

The World Science Festival's panel on Probability and Risk started out in an unusual manner: MIT's Josh Tennenbaum strode onto a stage and flipped a coin five times, claiming he was psychically ...

Modern society heavily relies on strongly connected socio-technical systems. As a result, distinct risks threatening the operation of individual systems can no longer be treated in isolation. Risk ...

Financial distress prediction plays an important role in the decision-making process of stock and bond investors, commercial banks and commercial credit adjusters. The effectiveness of financial ...

An OIP bushing failure on the 400-kV, 100-MVAR reactor caused this reactor fire. A large percentage of the power transformers in commission contain large quantities of mineral oil. While the ...

Risk is an inherent element in the business activities of any company. Whether it's entering new contracts, hiring employees, launching products or attracting financing, businesses consistently face ...

Risk isn’t merely about the odds of winning. It’s about the severity of loss when things go wrong. The low-leverage index outperformed the high-leverage index by 103% over the decade, and surpassed ...