Discover how Monte Carlo analysis helps investors assess risk and make informed decisions. Explore its role in generating ...

Copulas are functions that enable the construction of multivariate probability distributions by binding together univariate marginal distributions. Central to probability theory, they allow ...

The paper focuses on a class of light-tailed multivariate probability distributions. These are obtained via a transformation of the margins from a heavy-tailed original distribution. This class was ...

Several inequalities and monotonicity results have been obtained in the study of selection and ranking problems; these, in fact, are germane to the development of the theory. Basic to the setup of ...