Imprecise probability theory provides a robust alternative to traditional probability by representing uncertainty through ranges or sets of values rather than single numerical estimates. This ...

To many, the concept of probability feels intuitive. We're used to thinking about the odds of everything from coin flips to election results. Probability has become so integral to everyday life, it's ...

This course is available on the MSc in Risk and Stochastics, MSc in Statistics (Financial Statistics) and MSc in Statistics (Financial Statistics) (Research). This course is available with permission ...

In this paper a two-person red-and-black game is investigated. We suppose that, at every stage of the game, player I's win probability, f, is a function of the ratio of his bet to the sum of both ...

Information theory addresses the fundamental mathematical limits of communication (error correction), compression, and security, built upon probability theory. This ...

This course is available on the MSc in Quantitative Methods for Risk Management. This course is available with permission as an outside option to students on other programmes where regulations permit.