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economics

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Maths in a minute: Utility theory

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.
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And the Nobel Prize in Mathematics goes to...

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.

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No man is an island

Economists reveal that your neighbours significantly impact on your well-being.
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Career interview: Financial maths course director

Riaz Ahmad's mathematical career has led him from the complexities of blood flow to the risks of the financial markets via underwater acoustics. Plus found out how maths can explain all this and more.