JSTOR Daily

Expressing a Random Variable in Terms of Uniform Random Variables

This note suggests that expressing a distribution function as a mixture of suitably chosen distribution functions leads to improved methods for generating random variables in a computer. The idea is ...
Nasdaq

Discrete random variable

A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...
JSTOR Daily

On a Stochastic Difference Equation and a Representation of Non-Negative Infinitely Divisible Random Variables

The present paper considers the stochastic difference equation Yn=AnYn-1+Bn with i.i.d. random pairs (An,Bn) and obtains conditions under which Yn converges in ...
Hackaday

V8 Javascript Fixes (Horrible!) Random Number Generator

According to this post on the official V8 Javascript blog, the pseudo-random number generator (PRNG) that V8 Javascript uses in Math.random() is horribly flawed and getting replaced with something a ...
Investopedia

Monte Carlo Simulation: What It Is, How It Works, History, 4 Key Steps

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
Investopedia

Using Common Stock Probability Distribution Methods

David Harper is the CEO and founder of Bionic Turtle. He is also a published author with a popular YouTube channel on expert finance topics. Almost regardless of your view about the predictability or ...