Articles

Understanding uncertainty: The many ways of spinning risk

Would you prefer a game with a 90% chance of winning, or one with a 10% chance of losing? You might scratch your head and say it's the same thing, and you'd be right, but research has shown that people's perception of risk is surprisingly vulnerable to the way it's presented. In this article David Spiegelhalter and Mike Pearson explore how risk can be spun and there's an interactive animation for you to have a go yourself.

Editorial
These are busy times for Plus. Apart from celebrating our 50th issue by putting together a bumper collection of in-depth articles, news and reviews, we're also working on various special projects, some of which have already gone live, and some of which will reach you over the next few weeks and months. Here's a sneak preview of what's in store for 2009...
It's all in the detail
The computer animation used in movies and games is now so lifelike, it is very hard to believe that you are actually watching a surface built from simple shapes of triangles. Phil Dench tells Plus how he uses mathematics to help bring these models to life.
Thomas Harriot: A lost pioneer
It's International Year of Astronomy and all eyes are on Galileo Galilei, whose astronomical observations 400 years ago revolutionised our understanding of the Universe. But few people know that Galileo wasn't the first to build a telescope and turn it on the stars. That honour falls to a little-known mathematician called Thomas Harriot, who excelled in many other ways too. Anna Faherty takes us on a tour of his work.
Sine language
As an electronic musician Oli Freke has always been fascinated by sine waves, so much so that he's created a song based on them for the Geekpop festival, which is currently taking place on the Web. In this article he explores his song, touching on ancient Greek mythology, strange piano tunings and Johann Sebastian Bach.
Understanding uncertainty: What was the probability of Obama winning?

This may seem like an odd question — after all, he’s won — but it opens up some deep philosophical issues surrounding probability. David Spiegelhalter investigates how probability can be defined.

Editorial
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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.
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.
A disappearing number
Mathematics takes to the stage with A disappearing number, a work by Complicite, inspired by the mathematical collaboration of Hardy and Ramanujan. Rachel Thomas went to see the play, and explains some of the maths. You can also read her interview with Victoria Gould about how the show was created.
From restaurants to climate change
We live in a world full of information and it's a statistician's job to make sense of it. In this article Dianne Cook explores ways of analysing data and shows how they can be applied to anything from investigating diners' tipping behaviour to understanding climate change and genetics.