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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

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

'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

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

The logic of drug testing

... decisions. The following animation (from Understanding Uncertainty ) illustrates our example. For simplicity it looks at a ...

Article - mf344 - 17 Jan 2013 - 15:13 - 4 comments

Celebrate chance, coincidence and unlikelihood this Friday – Huntrodd's Day!

... David Spiegelhalter OBE , Winton Professor of the Public Understanding of Risk and friend of Plus , was surprised. So surprised that ... coincidence in Spiegelhalter's Plus column or the Understanding Uncertainty site. (coincidence) ...

Blog - Rachel - 29 Sep 2014 - 15:09 - 0 comments

Plus Advent Calendar Door #2: A normal life

... Plus and is responsible for the excellent website Understanding Uncertainty , as well as many other activities. Michael, journalist, author ...

Blog - Rachel - 2 Dec 2014 - 11:23 - 0 comments

'Quantum theory: A very short introduction'

... of discoveries in the 1920s – including Hiesenberg's uncertainty principle, the probabilistic nature of quantum theory and ... of the scientist, whose ambition is to gain the maximum understanding of what is happening in the physical world. To settle for less ...

Review - Rachel - 20 Apr 2015 - 15:04 - 0 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

News from the world of maths: Shine a light on dodgy stats

... As David Spiegelhalter, Professor for the Public Understanding of Risk at the University of Cambridge, writes on his website Understanding Uncertainty , the studies suffer from three major flaws: poor data, ...

Blog - plusadmin - 19 Aug 2010 - 19:24 - 0 comments