Article

Unreasonable effectiveness

When it comes to describing natural phenomena, mathematics is amazingly — even unreasonably — effective. In this article Mario Livio looks at an example of strings and knots, taking us from the mysteries of physical matter to the most esoteric outpost of pure mathematics, and back again.
Article

Constructive mathematics

If you like mathematics because things are either true or false, then you'll be worried to hear that in some quarters this basic concept is hotly disputed. In this article Phil Wilson looks at constructivist mathematics, which holds that some things are neither true, nor false, nor anything in between.
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Editorial

  • Support Plus — make a difference to mathematics
  • Common sense
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A risky business: how to price derivatives

In the light of recent events, it may appear that attempting to model the behaviour of financial markets is an impossible task. However, there are mathematical models of financial processes that, when applied correctly, have proved remarkably effective. Angus Brown looks at one of these, a simple model for option pricing, and explains how it takes us on the road to the famous Black-Scholes equation of financial mathematics, which won its discoverers the 1997 Nobel Prize in Economics.

Article

Chaos, chance and money

With the credit crunch dominating the news, columnists have been wailing about "chaos in the markets", and "turbulent" share prices. But what does move the markets? Are they deterministic, or a result of chance? Colva Roney-Dougal explores the maths, from chaos to group theory.