Content about “
probability

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.

Article

Editorial

  • The league table lottery
  • Plus and presidents
Article

Natural selection, maths and milk

According to Darwin, natural selection is the driving force of evolution. It's a beautifully simple idea, but given the thousands of years that are involved, nobody has ever seen it in action. So how can we tell whether or not natural selection occurs and which of our traits are a result of it? In this article Charlotte Mulcare uses milk to show how maths and stats can provide genetic answers.
Article

Understanding uncertainty: A league table lottery

League tables are controversial and for good reason. Few things are simple enough to be measured by a single outcome like, for example, the number of exam passes or successful heart operations. But even if we do accept a single yardstick, we haven't yet reckoned with chance, which by itself can produce apparent patterns to delight any tabloid editor.