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...