"
I like to think that part of our job on earth is to be perceptive and
accurate about as much as possible, including ourselves, about the way
the world really works. If you do that, even for small things, it can
add up to something bigger.
"
Emanuel Derman
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For those occasions when you need to toss a coin, we've added a Coin Tosser.
We've just put up a binomial distribution (coin toss) calculator.
We've made the formulas from our QuantWolf Guide to Calculating Bond Default Probabilities available for anyone to access. Just go to the page and click on the Table of Contents link or scroll down to the bottom of the page.
Here's an interview we did with Emanuel Derman on his new book just released yesterday.
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