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 ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

Football has often been described as a game won in the trenches. For years, however, quantifying the performance of individual blockers and pass rushers remained a challenge. Traditional statistics ...

The outcomes of rolling a six-sided die are: 1, 2, 3, 4, 5, 6. A probability of zero means an outcome is impossible. A probability of 1 means an outcome is certain ...

Leveraging Tracking Data to Contextualize the Difficulty of a Throw Not all passes are created equal. A quarterback receives the same credit for a completion whether the pass traveled 60 yards ...