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 What is financial mathematics?

... he was interested in making good decisions in the face of uncertainty. Tim explores the development of this interface between abstract ... read more about probability and its development on the Understanding Uncertainty site , and the Plus article Measure for ...
Article  plusadmin  12 Jun 2015  16:15  21 comments
 Is time travel allowed?

... away. They are a consequence of the quantum mechanical uncertainty principle : if, at one moment of time, there are no fluctuations ... To learn the truth, we physicists must develop a deeper understanding of quantum theory in warped spacetime than we now have — i.e. a ...
News  plusadmin  18 May 2015  12:11  15 comments
 What are sigma levels?

... David Spiegelhalter , Winton Professor for the Public Understanding of Risk at the University of Cambridge. "[Five sigmas] means ... parameters. (pvalue, probability, risk, sigma level, uncertainty, University of Cambridge) ...
Article  mf344  1 Feb 2016  11:34  1 comment
 Reality's neverending story

... believes that this question could bring us closer to understanding one of the deepest mysteries in physics: How our perceived ... be. If she locates its position precisely, Heisenberg's uncertainty principle mandates that its momentum will then be unknowable. The ...
Article  Rachel  31 Dec 2015  15:06  0 comments
 Schrödinger's equation — what is it?

... the work of many scientists, including the theoretical understanding provided by James Clerk Maxwell , we discovered that light ... nature of electrons (see the Plus article Quantum uncertainty ). One of the most famous demonstrations of waveparticle ...
Article  mf344  28 Apr 2015  14:23  7 comments
 What are sigma levels?

... David Spiegelhalter , Winton Professor for the Public Understanding of Risk, explains. (See here for a written version of this ... (pvalue, probability, risk, sigma level, uncertainty, University of Cambridge) ...
Podcasts  mf344  18 Dec 2015  16:48  0 comments
 Schrödinger's equation — what does it mean?

... seems to be an obstacle to the advancement of scientific understanding. The consciousness of a snail or any nonhuman animal would be of ... quantum mechanics, quantum physics, quantum uncertainty, Schrödinger equation, wave function, wave function collapse, ...
Article  mf344  29 Oct 2015  15:14  7 comments
 Imaging maths  Inside the Klein bottle

... about orientability of surfaces is one of the keys to understanding and classifying surfaces and manifolds in topology. A ... With three values, 81, the speed of light, and a secret "uncertainty" number, I can make this 6lobed structure mathematically represent ...
Article  plusadmin  6 Jan 2015  14:08  7 comments
 Measuring catastrophic risk

... investigates. The notion of uncertainty In the early 19th century, the French mathematician ... epistemikos , meaning knowledge, stems from a lack of understanding of the true behaviour of a process. In catastrophe models, ...
Article  mf344  11 Jul 2011  13:32  1 comment
 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  12 Jun 2015  16:16  0 comments