Abstract: Applications of the Kappa distribution, which is used to describe the particle velocity distribution when a system is in thermal anti-equilibrium, to statistical mechanics and high frequency ...

A new class of distributions over (0,1) is obtained by considering geometrically weighted sum of independent identically distributed (i.i.d.) Bernoulli random variables. An expression for the ...

The Central Limit Theorem (CLT) says that the distribution of a sum of independent random variables from a given population converges to the normal distribution as the sample size increases, ...

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 ...