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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

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

Understanding uncertainty: How long will you live?

... This article is adapted from material on the Understanding Uncertainty website . None of us are going to last forever. Our ...

Article - plusadmin - 28 Apr 2015 - 15:24 - 6 comments

'Deciphering the cosmic number'

... in the human psyche". It's an individual's pleasure in understanding nature that allows these archetypes to emerge from the ... Kepler as a thinking type, seeking a mechanical understanding of the Universe, and Fludd as a feeling type with a desire for ... Jung found this idea mirrored in Heisenberg's uncertainty principle, which asserts that at a quantum level, the world is not ...

Review - plusadmin - 22 Apr 2015 - 17:24 - 0 comments

'An accidental statistician'

... surfaces , with Norman Hunter (1987). It expresses a key understanding behind statistical modelling — and it applies to broader ... Kevin is an occasional contributor to the Understanding Uncertainty website . ISBN:  ...

Review - mf344 - 20 Apr 2015 - 14:58 - 0 comments