The Central Limit Theorem is a statistical concept applied to large data distributions. It says that as you randomly sample data from a distribution, the means and standard deviations of the samples ...

The art and science of modeling returns of financial assets is forever unsatisfying because no one model fully captures the true behavior of asset performances. The one-year distribution, in short, ...

The rich get richer or success breeds success effect, also called Matthew’s principle from the parable of the Talents in Matthiew 25:14-30), has been invoked many times in the sociology of science to ...

When business researchers analyze data, they often rely on assumptions to help make sense of what they find. But like anyone else, they can run into a whole lot of trouble if those assumptions turn ...