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Winning odds

When you flip a coin we assume it has equal chance of coming up head or tails, so any coin flipping game should be a fair one. But Yutaka Nishiyama and Steve Humble can give you the winning advantage.
Article

What is financial mathematics?

Tim Johnson was drawn into financial maths, not through an interest in finance, but because he was interested in making good decisions in the face of uncertainty. Tim explores the development of this interface between abstract mathematics and our everyday lives, and explains why a painting may only be worth its wall space.
Article

Understanding uncertainty: The maths of surprises

You meet an old friend on holiday, you find your colleague shares your birthday, you win the lottery. Exactly how rare are these rare events? David Spiegelhalter investigates in his regular column on uncertainty and risk.
Article

Understanding uncertainty: The Premier League

This is the second part of our new column on risk and uncertainty. David Spiegelhalter, Winton Professor for the Public Understanding of Risk at the University of Cambridge, continues examining league tables using the Premier League as an example. Find out just how much — or how little — these simple rankings can tell you.

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Editorial

  • The league table lottery
  • Plus and presidents
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