The modern economy is a complex machine. Its job is to allocate limited resources and distribute output among a large number of agents—mainly individuals, firms, and governments—allowing for the ...

Data-driven models are increasingly used to simulate and make predictions about complex systems, from online shopping preferences and the performance of the stock market to the spread of disease and ...

While business-to-business commerce refers to business transactions between companies, business-to-consumer models are those that sell products or services to personal-use customers. Often called B2C, ...

Cambridge, MA — In high-stakes settings like medical diagnostics, users often want to know what led a computer vision model to make a certain prediction, so they can determine whether to trust its ...

Scientists at Scripps Institution of Oceanography at UC San Diego and the California Institute of Technology are one step closer to understanding an enigma in climate change science: why do climate ...

In 2015, when NASA's New Horizons spacecraft encountered the Pluto-Charon system, scientists discovered interesting, geologically active objects instead of the inert icy orbs previously envisioned.

Structural models of default are widely used to analyze corporate bond spreads, but have generally been unable to explain why risk premiums are as high as they are. This credit spread puzzle can be ...