We review some urn and random-allocation models, mostly using probability generating function (PGF) methods. We begin by formulating a basic problem which can be thought of as either an urn or a ...

Add articles to your saved list and come back to them any time. Speech is different from writing. Spontaneous everyday speaking, at least - not formal speaking, which is really written language read ...

Randomization is commonplace in everyday resource allocation. We generalize the theory of randomized assignment to accommodate multi-unit allocations and various real-world constraints, such as ...

The procedure for allocating patients to a treatment arm in comparative clinical trials is frequently chosen with only minor deliberation. This decision may, however, ultimately impact the trial ...

Skill is a slippery concept in finance, courtesy of the shady influence of chance in asset pricing. It’s also an awkward topic in just about every corner of money management because discussing it in ...