About 100 years ago, John Wanamaker, a pioneer of American retail, is supposed to have made the comment, "Half the money I spend on advertising is wasted; the trouble is, I don’t know which half." ...

This paper addresses the building of obligor-level hazard rate corporate probability of default models for stress testing, departing from the predominant practice in wholesale credit modeling of ...

Since Basel II, the second of the Basel Accords, was first published in June 2004, banks around the world have been engaged in a continuous effort to develop methodologies to estimate the key ...

In a simple model for sports, the probability A beats B is a specified function of their difference in strength. One might think this would be a staple topic in Applied Probability textbooks (like the ...

The purpose of this study was to determine the treatment protocol, in terms of dose fractions and interfraction intervals, which minimizes normal tissue complication probability in the spinal cord for ...