The whole of western science is based on financial maths

A historian Joel Kaye has written widely on the development of science in medieval Europe. In Economy and Nature in the Fourteenth Century...

Mathematics, Economics and Decision Making

The 2009 Alan Tayler Lecture was delivered by Prof Lord Desai of the London School of Economics and Political Science at the University of O...

Culture clash?

The FSSC report Graduate Skills and Recruitment in The City has the following quotes (p 45) from a graduate recruitment manager at an inves...

It's academic

On of my favourite quotes from the credit crisis comes from the 2/02/08 edition of The Economist, the article " No Defense " on fr...

The Royal Society calls for more funding of financial maths

The Royal Society published a report on Science, Technology, Engineering and Maths impact on the service sector. They devote a whole chapt...

Driving by using the rear view mirror

Last October the EPSRC, my funders, asked me to contact the Science Media Centre about media coverage of the credit crisis. This was becaus...

Maths and the Markets (II)

Following my last post I drafted a letter on behalf of the leading researchers in financial maths in the UK. After some edits, Sir David Wa...

Maths and the Markets

The Turner Review of Financial Services Regulation identifies one of the causes of the financial crisis as a "misplaced reliance on sop...

A Brief History of Financial Engineering

c 550 BCE Thales, the father of western science makes money by using his scientific knowledge to become rich through olive speculation (Ar...

What mathematics can offer finance

I emphasise to my undergraduate students that Kolmogorov’s 1933 identification of probability with measure theory is, in my opinion, the mo...

Don't blame the quants

Thalia Zariphopoulou has a couple of articles on her website about the financial crisis. A piece by Steven Shreve that appeared in Forbes ...

Getting serious about banking

We do not think banking is a serious occupation. If we take a job seriously, like the law, medicine, accountancy, engineering, teaching or ...

Was the credit crunch a science story?

A recent report from the LSE has raised some important questions concerning financial journalism. Specifically, in relation to the credit c...

Do the maths

In a week that has seen the disappearance from the financial landscape of such venerable firms as Lehman Brothers, Merrill Lynch and the Ban...