Scientists at the University of California, San Diego (UCSD) have developed new insight into a formula that helped British cryptanalysts crack the German Enigma code in World War II. Scientists at the ...

We live in a world where a lot of things seem to happen by pure chance, from winning the Lotto to losing your car keys. But the truth is, the likelihood of many everyday things happening is heavily ...

In this paper, we propose a novel multifactor analytic framework for credit portfolio modeling that incorporates the impact of the probability of default-loss given default correlation. In particular, ...