The US tax court’s approach to risk distribution is rooted in a flawed reliance on the Law of Large Numbers, argue F. Hale ...

Expected value calculates average future investment returns based on outcome probabilities. In finance, expected value guides portfolio construction and when to sell assets with lower future value.

If you work in solar you are destined to hear or come across the term P50 or P90 or P99. This, at first, is a very confusing concept. The ‘P’ stands for Probability and the number trailing it is the ...