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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 - 14:32 - 1 comment

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 - 17:15 - 19 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 - 12 Jun 2015 - 17:16 - 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 - 12 Jun 2015 - 17:15 - 0 comments

Quantum geometry

... or so physics has been chipping away at our intuitive understanding of the space we live in. Physicists tell us that rather than ... the ordinary notion of space we're used to. Quantum uncertainty Werner Heisenberg, 1901-1976. But why ...

Article - plusadmin - 26 Mar 2015 - 10:20 - 5 comments

Influenza virus: it's all in the packaging!

... pandemic is unclear and an interesting current topic). Understanding packaging is key to understanding reassortment. Let me count ... segments. As a mathematician, I always found this uncertainty slightly puzzling, as the numbers immediately suggest random ...

News - plusadmin - 11 Jun 2015 - 16:18 - 0 comments

The physics of elementary particles: Part I

... there are elements in the chemical table! It has taken an understanding of mathematical symmetry combined with experiments into ... their range to very short distances (a consequence of the uncertainty principle of quantum mechanics). In collisions at relatively low ...

Article - mf344 - 3 Jun 2015 - 12:32 - 2 comments

Understanding uncertainty: Football crazy

... This article is adapted from material on the Understanding Uncertainty website . Who gets the trophy? Image: Jameboy ...

Article - plusadmin - 16 May 2012 - 11:43 - 5 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 - 13:11 - 13 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 wave-particle ...

Article - mf344 - 28 Apr 2015 - 15:23 - 6 comments