The current awful situation with Ebola interests me not only from the perspective of a past professional life but also because of the profound idiocy that surrounds the disease. I had been looking around for a piece that encapsulates the actual facts about Ebola and as chance would have it a More or Less podcast…
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From Business Insider -Incredible Images Of Wall Street Trading Before The Bloomberg Terminal You will notice in the lower part of the ticker display there is an indication of how late the ticker was running. Before trading became fully computerized which took a lot longer than people thought the tick would always run late during…
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The Fields Medal for mathematics is the equivalent of the Nobel Prize and is awarded to mathematicians under 40. The prizes this year contained a young female mathematician whose work on abstract surfaces is beyond me. This raises the blunt question of why the fuck has it taken so long to give the prize to…
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I have been enjoying the 45th anniversary celebrations of the flight of Apollo 11. My favourite to date has been this piece by The Atlantic, simply because of the quality of the images. To view them in all their magnificence make certain you click the little 1280 px radio button above the first image.
James H. Simons likes to play against type. He is a billionaire star of mathematics and private investment who often wins praise for his financial gifts to scientific research and programs to get children hooked on math. But in his Manhattan office, high atop a Fifth Avenue building in the Flatiron district, he’s quick to tell…
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Researchers from the University of California, Berkeley, National University of Singapore and University of Illinois at Urbana-Champaign (UIUC) have shown that betting decisions in a simple competitive game are influenced by the specific variants of dopamine-regulating genes in a person’s brain. Dopamine is a neurotransmitter – a chemical released by brain cells to signal other brain…
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Sir Francis Galton the creator of the concept of statistical correlation and the idea of regression to the mean also once wrote a paper on how to cut a cake scientifically. It turns out everyone has been doing it wrong – which is actually no surprise. Galtons original paper can be found here
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A central tenet in modern economics is that crashes do not happen; we all know that they do . Therefore, the maxim should be restated as crashes are not supposed to happen according to the models we have. In fact modern economic theory be it the Efficient market Hypothesis or the Dynamic Stochastic General Equilibrium are…
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