I am trying to draw a beta distributed random variable (recovery rate), conditioned on another beta distributed random variable (default rate). I have shape parameters $(\alpha= 0.6, \beta = 55.5)$ ...
I was thinking about this today so I decided to ask it here. I know the rule of adding probabilities. As I was taught in grade school "OR" typically means add and "AND" typically means multiply. ...
Suppose on the flop in no limit hold'em two players go all-in. They both have 2 hole cards and there's 3 community cards on the board at present. There will be 2 more cards drawn and each player will ...
How to define a distribution such that draws from it correlate with a draw from another pre-specified distribution?
How do I define the distribution of a random variable $Y$ such that a draw from $Y$ has correlation $\rho$ with $x_1$, where $x_1$ is a single draw from a distribution with cumulative distribution ...
I am trying to get a deeper understanding of the various types of Bayesian networks. Most of the literature/lectures I've come across use discrete random variables exclusively and only mention ...