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The best medicine?

... shows a 95% "confidence interval", which expresses the uncertainty about where the true risk lies. For most of the individual studies, ... a particular patient asking this question requires careful understanding of how individual characteristics help predict outcome. We really ...

Article - plusadmin - 1 Nov 2012 - 09:04 - 0 comments

Renewable energy and telecommunications

... telecommunications industry. A mathematical understanding of stochastic processes is essential in communications science, ... as wind power, in the electricity grid, there will also be uncertainty, as we don’t know what the wind will be doing tomorrow," explains ...

Article - mf344 - 19 Jul 2012 - 11:27 - 0 comments

Paying the price

... to take the more scientific approach needed for a deeper understanding of financial risks, when they were so easily bewitched by ... to sell the loans on for a fixed price (removing the uncertainty) to investment banks, who repackaged them as mortgage backed ...

News - plusadmin - 16 May 2012 - 10:53 - 0 comments

Winding numbers: Topography and topology II

... to the other without crossing or For a deeper understanding of the problem, try researching the fundamental group . This ... fractions, dynamical systems, hyperbolic geometry, and uncertainty. Winding Numbers and Topology Thanks so much. ...

Article - mf344 - 21 May 2011 - 16:51 - 3 comments

'Quantum theory: A very short introduction'

... of discoveries in the 1920s – including Hiesenberg's uncertainty principle, the probabilistic nature of quantum theory and ... of the scientist, whose ambition is to gain the maximum understanding of what is happening in the physical world. To settle for less ...

Review - Rachel - 27 Jun 2012 - 13:36 - 0 comments

Pan(dem)ic?

... The Lancet , Jenkins got hype confused with scientific uncertainty: in the face of the many unknowns that come with this new virus, ... the face of so many uncertainties? The biological side — understanding the virus and producing vaccines — is down to life scientists, ...

News - plusadmin - 11 Jul 2011 - 17:53 - 0 comments

From neurobiology to online gaming

... by recognising statistical patterns and quantifying uncertainty using probabilities. The NNM programme grew out of the recognition ... is David Spiegelhalter , Winton Professor of the Public Understanding of Risk and Senior Scientist at the Biostatistics Unit in the ...

Article - mf344 - 19 Jul 2012 - 11:29 - 0 comments

Building bridges from mathematics to the City

... cost of pensions might change in the future and how much uncertainty there was in those projections. The programme, says Cairns, gave ... "The real problem in the credit crisis was a lack of understanding and communication of assumptions and limitations of the models," ...

Article - mf344 - 19 Jul 2012 - 11:26 - 0 comments

What can birds tell us about flying through ash clouds?

... concerned with how to make good decisions when faced with uncertainty. Now, there is a widely held view that rational people will always ... is a good thing and is a consequence of a mathematical understanding of the risks. Ignore the mathematics and airline executives ...

News - mf344 - 22 Jul 2010 - 09:53 - 0 comments

Editorial

... David Spiegelhalter , Winton Professor of the Public Understanding of Risk at the University of Cambridge, has had a closer look at ... need to rigorously justify their claims and quantify the uncertainty involved in their models and conclusions. They can no longer pull ...

Article - plusadmin - 16 Jun 2010 - 11:56 - 0 comments