However, in real game conditions, the path to the layup could be heavily defended. In that case, the open player standing outside the arc may have the easier shot, even though the distance is greater. That’s basically the Markov property. It’s a second-order analysis that derives probabilities from context rather than model presumption.To be clear, this lack of calculation doesn’t make the Wall Street standard pricing mechanism wrong — but it does make the outputted projections potentially suboptimal. That’ ...

Chewy Inc (NYSE:CHWY) on paper represents one of the most relevant publicly traded companies available right now. Report after report demonstrates that Americans love their pets, thereby creating tangible shifts in the broader care ecosystem. Not only that, a vast majority of U.S. dog and cat owners consider their furry friends as family members.Unfortunately, CHWY stock just hasn't been getting the memo. While the market has been treating the equity well today, over the trailing year, it's down 13%. In the ...