The probability distribution of the number of defaults plays an important role in pricing problems of multiple-name credit derivatives. When the group size gets large, it becomes increasingly ...

We plan to run the workshop in hybrid form with a considerable number of participants present in Münster and video transmission to the outside world. This workshop intends to be a first meeting point ...

The probability of ending in round n is the probability of not ending in any previous round, times the probability of ending in this round. You might expect this to be infinite, but the weights on the ...

So, a friend of mine was bored one day and came up with this problem on his own (it related closely to some personal circumstances of his own). It intrigued me, but I have not been able to solve it.