To study a system, mathematicians begin by identifying its most crucial elements, and try to describe them in simple mathematical terms. As Phil Wilson tells us, this simplification is the essence of mathematical modelling.
If you had a crystal ball that allowed you to see your future, what would you arrange differently about your finances? Plus talks to the Government Actuary, Chris Daykin about the pensions crisis, and how actuaries use statistical and modelling techniques to plan for all our futures.
One million dollars is waiting to be won by anyone who can solve one of the grand mathematical challenges of the 21st century. In the second of two articles, Chris Budd looks at the well-posedness of the Navier-Stokes equations.