Bitcoin lottery mining at home is growing in popularity. Have the bitcoin nerds discovered a new hack that beats the Powerball? This article compares the various types of mining pools that can be ...

Abstract: We derive the binomial tree scheme for pricing American put options in a regime switching model. An explicit formula is obtained for one-period binomial tree model. Furthermore the pricing ...

The binomial probability is a widely-used concept in statistics, helping to answer questions about the likelihood of certain outcomes in an experiment or real-life situation. Essentially, it measures ...

Abstract: A new method is designed for software pricing, which is enlightened from binomial tree option pricing model. Firstly, it is constructed about the software pricing model based on binomial ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it landing on "heads" or "tails." Microsoft Excel offers ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...