The long-term peak in forward rates for U.S. Treasury exceeds the near-term peak, indicating a step toward normal yields. The streak of negative 2-year/10-year Treasury spreads has reached 292 trading ...
Markets are full of predictions that cannot be checked until after the fact. Implied probability is different. It is already priced, already quantified, and therefore testable.
Ancient dice dating back 12,000 years suggest early humans understood chance and probability long before mathematics emerged.
Zachary del Rosario has received funding from the National Science Foundation and Toyota Research Institute. Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand ...