Despite nearly 100 years of development in econometrics, the treatment of random shocks remains quite naïve. Economists overuse normal distribution, the classic bell curve, to model the influence of ...

The static from a old radio is a form of random interference caused by electromagnetic activity in the atmosphere (Credit: Getty Images) Our world runs on randomly generated numbers and without them a ...

A method for generating numbers guaranteed to be random by quantum mechanics, has been developed by researchers. Generating random numbers is incredibly useful as it allows data to be encrypted in ...