Discover how risk-neutral probabilities adjust for risk and ensure fair asset pricing in financial markets; explore their ...

Project Delivery Methods have expanded dramatically. The integration of design and construction on projects can reduce the project schedule and allow for construction and property management input ...

Probabilistic Safety Assessments (PSA), which was introduced in the 1970s as complement to deterministic safety analysis methods, is a well-established tool that supports design and safety assessment ...

Earthquakes, hurricanes, floods and other disasters are natural phenomena, but they include a social dimension as they also affect the poorest or least prepared communities. Recent events such as the ...

Entrepreneurs and venture capitalists know there is no return without risk. But they can enhance their odds of success by tapping into the emerging field of probability management to better visualize ...

This study investigates the potential of probabilistic classification to enhance credit-scoring accuracy, with a focus on model validation through reliability thresholds. By quantifying prediction ...

Severe accidents at nuclear reactors have occurred much more frequently than what risk-assessment models predicted. The probabilistic risk assessment method does a poor job of anticipating accidents ...

A comprehensive guide and tool to help organizations implement probabilistic risk analysis. The guide provides an overview of the risk register tool and gives an example of a project that used it.