Many people's impression of mathematics is that it is an ancient edifice built on centuries of research. However, modern quantitative finance, an area of mathematics with such a great impact on all our lives, is just a few decades old. The Isaac Newton Institute quickly recognised its importance and has already run two seminal programmes, in 1995 and 2005, supporting research in the field of mathematical finance.
In the first part of this article we explored Landau's theory of phase transitions in materials such as magnets. We now go on to see how this theory formed the basis of the Higgs mechanism, which postulates the existence of the mysterious Higgs boson and explains how the particles that make up our Universe came to have mass.
Remember Frank Lampard's disallowed goal in the 2010 World Cup match against Germany? The ball hit the crossbar, landed well behind the line but then bounced out again. And it all happened too quickly for the ref to spot it was a goal. How these kind of (non)-goals happen and what can we do about them?
Horses, like all animals, have a number of different gaits. But how can they perform these complicated leg movements without having to stop and think? And why do they switch to a new gait when they want to go faster? Mathematics can shed some light on these questions.
Does it pay to be nice? Yes, it does. And we're not just talking about that warm fuzzy feeling inside, it pays in evolutionary terms of genetic success too. We talk to Martin Nowak about how the mathematics of evolution prove that being nice is unavoidable.
The holy grail for 21st century physics is to produce a unified theory of everything that can describe the world at every level, from the tiniest particles to the largest galaxies. Currently the strongest contender for such a theory is something called M-theory. So what is this supposed mother of all theories all about?