Merton Miller and the Modigliani-Miller Theorem: Nobel Laureate's Legacy

Discover how Nobel laureate Merton Miller revolutionized corporate finance with the Modigliani-Miller theorem. Learn about ...
Scientific American

What is Bayes's theorem, and how can it be used to assign probabilities to questions such as the existence of God? What scientific value does it have?

Chris Wiggins, an associate professor of applied mathematics at Columbia University, offers this explanation. A patient goes to see a doctor. The doctor performs a test with 99 percent ...
CNN

Students discover and publish unexpected proof for 2,000-year-old mathematical theory

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. Louisiana students ...
The Washington Post

The Coase Theorem is widely cited in economics. Ronald Coase hated it.

There's a famous joke about a dairy farmer who, hoping to increase milk production, seeks the help of a theoretical physicist at the local university. After carefully studying the problem, the ...
Investopedia

Bayes' Theorem: What It Is, Formula, and Examples

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 ...
Nature

Extending Noether’s theorem by quantifying the asymmetry of quantum states

Noether’s theorem is a fundamental result in physics stating that every symmetry of the dynamics implies a conservation law. It is, however, deficient in several respects: for one, it is not ...