Stock markets are plummeting as the Corona virus has turned into a global pandemic. During the short periods of recovery one can hear those stock market reporters on TV talking about a tennis ball effect. The idea is that what goes down has to come up again and vice versa. ... [Read more...]

If you own stocks of a company, how big is the risk to lose at least 5 percent of your money tomorrow? To answer that question, you need to know the variance of that stock. The problem with stock market variances is that they change a lot over time. They are ... [Read more...]

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My first R package has been released on CRAN recently. It is named MonteCarlo and aims to make simulation studies as easy as possible – including parallelization and the generation of tables. What Are Simulation Studies Good For? Monte Carlo simulations are an essential tool in statistics and related disciplines. They ... [Read more...]

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