Article

Editorial

  • Support Plus — make a difference to mathematics
  • Common sense
Article
Electronic board with listings saying sell

A risky business: how to price derivatives

In the light of recent events, it may appear that attempting to model the behaviour of financial markets is an impossible task. However, there are mathematical models of financial processes that, when applied correctly, have proved remarkably effective. Angus Brown looks at one of these, a simple model for option pricing, and explains how it takes us on the road to the famous Black-Scholes equation of financial mathematics, which won its discoverers the 1997 Nobel Prize in Economics.

Article

Chaos, chance and money

With the credit crunch dominating the news, columnists have been wailing about "chaos in the markets", and "turbulent" share prices. But what does move the markets? Are they deterministic, or a result of chance? Colva Roney-Dougal explores the maths, from chaos to group theory.
Article
icon

A disappearing number

Mathematics takes to the stage with A disappearing number, a work by Complicite, inspired by the mathematical collaboration of Hardy and Ramanujan. Rachel Thomas went to see the play, and explains some of the maths. You can also read her interview with Victoria Gould about how the show was created.
Article
Money in jar

From restaurants to climate change

We live in a world full of information and it's a statistician's job to make sense of it. In this article Dianne Cook explores ways of analysing data and shows how they can be applied to anything from investigating diners' tipping behaviour to understanding climate change and genetics.

Article

Unreasonable effectiveness

When it comes to describing natural phenomena, mathematics is amazingly — even unreasonably — effective. In this article Mario Livio looks at an example of strings and knots, taking us from the mysteries of physical matter to the most esoteric outpost of pure mathematics, and back again.
Article

Constructive mathematics

If you like mathematics because things are either true or false, then you'll be worried to hear that in some quarters this basic concept is hotly disputed. In this article Phil Wilson looks at constructivist mathematics, which holds that some things are neither true, nor false, nor anything in between.