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04

Probability I: Foundations

The core discipline of quantitative trading: probability from first principles through the discrete distributions.

The first two lessons are free to read. Membership unlocks the full course and tracks your progress.

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01Foundations of Probability

Interpretations of ProbabilityFreeSample Spaces and EventsFree
Set Operations and Venn DiagramsMembers
The Rules of ProbabilityMembers
Complementary EventsMembers

02Combinatorics

Permutations and CombinationsMembers
Systematic Counting MethodsMembers
Sampling With and Without ReplacementMembers

03Conditional Probability

Conditional ProbabilityMembers
The Multiplication Rule and Probability TreesMembers
Bayes' TheoremMembers
IndependenceMembers

04Random Variables

Definition of a Random VariableMembers
Probability Mass, Density, and Distribution FunctionsMembers
ExpectationMembers
Variance and Standard DeviationMembers

05Joint Distributions

Joint, Marginal, and Conditional DistributionsMembers
Covariance and CorrelationMembers
Sums of Random VariablesMembers

06Discrete Distributions

The Bernoulli and Binomial DistributionsMembers
The Geometric DistributionMembers
The Poisson DistributionMembers
The Negative Binomial and Hypergeometric DistributionsMembers