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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. (p-value, 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 wave-particle ...

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 ... (p-value, 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 non-human 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 6-lobed 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