Professional traders dwell in a complex landscape of uncertainty, probability assessment, decision-making and risk. They also wield powerful digital trading capabilities unimaginable only a few decades ago.

It’s no longer a ticker-tape world where insiders with seats on the exchanges enjoy advantages unavailable to the outside world. The digital revolution has democratized trading, opening the doors to millions while offering an unprecedented array of trading tools to quantify risk and probabilities.  

Yet many traders haven’t stopped to think about the mathematics behind today’s management and mitigation of risk. That will change when they open Do Dice Play God? The Mathematics of Uncertainty, a new book by Ian...

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