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 ...

Recently, as we were studying probability in my Statistics class, a student asked me about the use of probability in math and economics. Actually “where will we ever use this?” might be a better way ...

The body of knowledge and practice known as mathematics is derived from the contributions of thinkers throughout the ages and across the globe. It gives us a way to understand patterns, to quantify ...

From Monopoly to Backgammon to Yahtzee, our first experiences with board games almost always feature sets of six-sided dice. They’re a great way to create some randomness and chaos in a game, but ...