by Sam Ansari | Apr 5, 2022 | Actuarial Science, Econometrics, Finance
It is a very simple game, one that most people are familiar with, “Blackjack” or “21’en” in Dutch. The rules are easy to remember and are easily learned by children. Since there is a gambling element in Blackjack, the probabilities and expectations can be analyzed....
by Sam Ansari | Dec 2, 2021 | Econometrics, Mathematics
Wavelet analysis stems from the 19th century when Joseph Fourier studied the heat equation. From his work, a foundation was set for Fourier transformations (FT). However, FT requires conditions such as stationarity of the data set and it only gives frequency...
by Sam Ansari | Oct 12, 2021 | Econometrics, Statistics
In 1951 Edward Simpson published a paper discussing the interpretation of contingency tables. He discusses a phenomenon that is still occurring in today’s statistics. It is called after his own name, Simpson’s Paradox. An Example Simpson’s Paradox can be...
by Sam Ansari | May 18, 2021 | Other
For thousands of years, astronomers wrestled with basic questions about the size and age of the universe. The ancient Greeks recognized that it was difficult to imagine what an infinite universe might look like. But they also wondered that if the universe were finite,...
by Sam Ansari | Apr 22, 2021 | Society, Sports
Many of you have probably watched the most recent race in Imola, where Max Verstappen achieved his 11th career win. During the Grand Prix, two drivers crashed into each other at 300 kilometres per hour and caused the race to be red-flagged. Luckily, the drivers could...
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