Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Applicable Analysis and Discrete Mathematics, Vol. 10, No. 2 (October 2016), pp. 408-446 (39 pages) An associative Boolean tree is a plane rooted tree whose internal nodes are labelled by AND or OR ...

The probability that a tennis player wins the first set of a match is \(\frac{3}{5}\). If she wins the first set, the probability that she wins the second set is \(\frac{9}{10}\). If she loses the ...

Conditional probability occurs when it is given that something has happened. (Hint: look for the word “given” in the question. The probability that a tennis player wins the first set of a match is ...

Let b be an integer greater than 1 and let Wε=(Wn ε;n≥ 0) be a random walk on the b-ary rooted tree Ub, starting at the root, going up (resp. down) with probability 1/2 + ε (resp. 1/2 - ε), ε ∈ (0, ...