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Publication Name: Magic, Maths and Money

Brief description: The Relationship between Science and Finance.

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Joined: October 10th, 2011


Magic, Maths and Money wrote a new blog post titled The Golden Rule

There are two versions of the Golden Rule. The standard is “ Do to others what you want them to do to you” and appears in most developed religions. Colloquially it is “Those that have the gold, make the rules”. Someone raised this distinction on my work in financial ethics by asking “Are you saying participants in financial markets should be benevolent in how they price instruments?” They answer rhetorically with the observation that the reality is that the markets are motivated by greed and fear with leading market participants acting in a ‘brutish’ manner that motivates the rest to conform....
(67 days ago)

Magic, Maths and Money wrote a new blog post titled Mathematical Finance

I wrote this piece for the National Institute for Economic and Social Research's Rebuilding Macroeconomics project.There are three types of mathematicians: those that can count and those that can’t. This aphorism challenges the public perception of mathematics as being concerned with calculation and is liked by mathematicians because it enables them to highlight what mathematics is concerned with, which is identifying and describing relationships between objects. A more sophisticated misunderstanding relates to the way mathematics is conducted. The error originates in how mathematicians...
(85 days ago)

Magic, Maths and Money wrote a new blog post titled Antifragility and justice

p { margin-bottom: 0.25cm; direction: ltr; line-height: 120%; text-align: left; }a:link { color: rgb(0, 0, 255); } Towards the end of last week I noticed a flotsam on my Twitter feed coming from a storm involving NN Taleb and the prominent British classisist Prof Beard. The origins were in a BBC schools animation that depicted a Roman soldier as dark skinned. This elicited a response on Infowars that the BBC was re-writing history. I was interested in this because that week my family had driven down to theVindolanda and Roman Army Museums on Hadrian’s Wall and I had been struck that a...
(292 days ago)