A hundred pounds is a lot more to someone who's poor than to a millionaire. But how do you measure such differences? Utility theory has the answer.
Well, it goes to no-one because there isn't a Nobel Prize for maths. Some have speculated that Alfred Nobel neglected maths because his wife ran off with a mathematician, but the rumour seems to be unfounded. But whatever the reason for its non-appearance in the Nobel list, it's maths that makes the science-based Nobel subjects possible and it usually plays a fundamental role in the some of the laureates' work. Here we'll have a look at two of the prizes awarded this year, in physics and economics.