What Is Subjective Probability? Subjective probability is a type of probability derived from an individual’s personal judgment or own experience about whether a specific outcome is likely to occur. It contains no formal calculations and only reflects the subject’s opinions and past experience. An example of subjective probability is a “gut instinct” when making a…
1. Let’s go for the first test The semi-final will be played on an aquatic event: the pairs must build a figure that will hold both on and under water. The challenge is high because we will have to reckon with the laws of physics while creating a stylish painting. We are well packed. No…
The quantification of credit risk is the process of assigning measurable and comparable numbers to the likelihood of default risk and the concept is a major frontier in modern finance. The factors that affect credit risk range from borrower-specific criteria to market-wide considerations. The idea is that liabilities can be objectively valued and predicted to…
Unsurprisingly: Paris is one of the French cities where real estate is far too expensive! On average, the price per square meter is €10,877. In certain districts such as St Germain des Prés, it even rises to €16,335/m². A small 30 m² apartment will therefore cost €326,310 on average, and up to €490,050 in certain…
What Is the Win/Loss Ratio? The win/loss ratio is the ratio of the total number of winning trades to the number of losing trades. It does not take into account how much was won or lost, but simply if they were winners or losers. The Formula for Win/Loss Ratio Is Win/loss ratio = Wins Losses…
The world of work is cruel, people are ready to do anything to crush you and rise in the rotten ladder of companies plagued by profit. After this sentence worthy of a bad trade union tract, we are going to talk about the most stingy companies, the ones that really give rotten stuff to people…
What Are Industrial Revenue Bonds—IRBs? Industrial revenue bonds (IRB) are municipal debt securities issued by a government agency on behalf of a private sector company and intended to build or acquire factories or other heavy equipment and tools. IRBs were formerly called Industrial Development Bonds (IDB). key takeaways Industrial revenue bonds (IRBs) are a type…
ALEEEEEEERTE! we have just crossed the fateful bar of 8 billion humans on earth! PANIC TO BOOOOORD! WE ARE TOO MANY! WE’LL ALL DIEIIIIIIIIIR! OK then one, yes we are all going to die it is an undeniable fact. Two, calm down damn you fuck me the female dog when you’re like that. Eight billion…
What Is the Double Irish With a Dutch Sandwich? The double Irish with a Dutch sandwich is a tax avoidance technique employed by certain large corporations, involving the use of a combination of Irish and Dutch subsidiary companies to shift profits to low or no-tax jurisdictions. The technique has made it possible for certain corporations…