click here for the plus home page
© 1997-2004, Millennium Mathematics Project, University of Cambridge.
Permission is granted to print and copy this page on paper for non-commercial use. For other uses, including electronic redistribution, please contact us.
Careers with maths
icon

Rupa Patel reflects to Plus on her work as a financial engineer

A favourite from the archive...
icon

When we finally meet the Martians, John Conway believes they are going to want to talk mathematics.

Subscribe to our RSS feed:
AddThis Feed Button subscribe to our RSS feed
 
March 2008
Tags

uncertainty

Feature icon

Rupa Patel never wanted to be a financial engineer — she wanted to be a maths teacher. However, her skills in conveying difficult mathematical concepts to others, as well as a love of maths, enticed her into the exciting field of financial mathematics. Now she models risk, travels Europe and occasionally finds time to herself to examine the maths of her job in detail.

Tags: mathematical modelling : risk analysis : uncertainty : financial mathematics : financial modelling


Feature icon

A biologist has developed a blood test for detecting a certain minor abnormality in infants. Obviously if you have blood samples from 100 children, you could find out which children are affected by running 100 separate tests. But mathematicians are never satisfied by the obvious answer. Keith Ball uses information theory to explain how to cut down the number of tests significantly, by pooling samples of blood.

Tags: probability : entropy : uncertainty : binary tree


Feature icon

Why rankings don't work

Tags: statistics : probability : risk analysis : statistical prediction : probability distribution : statistical estimation : statistical distribution : uncertainty : mathematics in sport : football : confidence interval


Feature icon

What's the risk of passive smoking? Or climate change? How big is the terrorist threat? And should we trust league tables? These issues concern all of us, but it's not always easy to make sense of the barrage of media information. David Spiegelhalter, Winton Professor for the Public Understanding of Risk, gives Plus his take on uncertainty.

Tags: Bayes Theorem : risk analysis : public understanding of mathematics : mathematics in the media : medical statistics : Medicine : uncertainty : Bayesian model


Feature icon

Some spurious statistics

Tags: statistics : probability : risk analysis : statistical prediction : normal distribution : probability distribution : statistical estimation : statistical distribution : uncertainty : lottery : league table : binomial distribution : geometric distribution