Fifty years into the project of modeling Earth’s future climate, we still don’t really know what’s coming. Some places are warming with more ferocity than expected. Extreme events are taking ...

One of the most interesting and useful slang terms to emerge from Reddit in my opinion is ELI5, from its subreddit of the same name, which stands for "Explain It Like I'm 5" years old. The idea is ...

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 ...

Models are important for understanding the current and future states of the world and we use many, for instance the capital asset pricing model, to help us understand markets and investing. But most ...

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 ...

In 2015, when NASA’s New Horizons spacecraft encountered the Pluto-Charon system, the Southwest Research Institute-led science team discovered interesting, geologically active objects instead of the ...

Climate scientists have been trying to work out why new computer models have begun projecting a potentially much hotter future as CO2 levels rise. A new analysis gives our best idea yet – it seems to ...

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 ...