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The author takes the general reader on a tour of the mathematical puzzles and paradoxes inherent in voting systems, such as the Alabama Paradox, in which an increase in the number of seats in the Congress could actually lead to a reduced number of representatives for a state, and the Condorcet Paradox, which demonstrates that the winner of elections featuring more than two candidates does not necessarily reflect majority preferences. Szpiro takes a roughly chronological approach to the topic, traveling from ancient Greece to the present and, in addition to offering explanations of the various mathematical conundrums of elections and voting, also offers biographical details on the mathematicians and other thinkers who thought about them, including Plato, Pliny the Younger, Pierre Simon Laplace, Thomas Jefferson, John von Neumann, and Kenneth Arrow.
Options have been traded for hundreds of years, but investment decisions were based on gut feelings until the Nobel Prize -- winning discovery of the Black-Scholes options pricing model in 1973 ushered in the era of the "quants." Wall Street would never be the same. In Pricing the Future, financial economist George G. Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker's assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists who looked for a way to explain the movement of atoms and molecules, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.
The amazing story of one of the greatest math problems of all time and the reclusive genius who solved it In the tradition of Fermat’s Enigma and Prime Obsession, George Szpiro brings to life the giants of mathematics who struggled to prove a theorem for a century and the mysterious man from St. Petersburg, Grigory Perelman, who fi nally accomplished the impossible. In 1904 Henri Poincaré developed the Poincaré Conjecture, an attempt to understand higher-dimensional space and possibly the shape of the universe. The problem was he couldn’t prove it. A century later it was named a Millennium Prize problem, one of the seven hardest problems we can imagine. Now this holy grail of mathematics has been found. Accessibly interweaving history and math, Szpiro captures the passion, frustration, and excitement of the hunt, and provides a fascinating portrait of a contemporary noble-genius.
At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally. In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision ma...
Describes in layman's terms mathematical problems that have recently been solved (or thought to have been solved), research that has been published in scientific journals, and mathematical observations about contemporary life. Anecdotal stories about the lives of mathematicians and stories about famous old problems are interspersed among other vignettes.
How a simple equation reshaped mathematics Leonhard Euler’s polyhedron formula describes the structure of many objects—from soccer balls and gemstones to Buckminster Fuller’s buildings and giant all-carbon molecules. Yet Euler’s theorem is so simple it can be explained to a child. From ancient Greek geometry to today’s cutting-edge research, Euler’s Gem celebrates the discovery of Euler’s beloved polyhedron formula and its far-reaching impact on topology, the study of shapes. Using wonderful examples and numerous illustrations, David Richeson presents this mathematical idea’s many elegant and unexpected applications, such as showing why there is always some windless spot on earth, how to measure the acreage of a tree farm by counting trees, and how many crayons are needed to color any map. Filled with a who’s who of brilliant mathematicians who questioned, refined, and contributed to a remarkable theorem’s development, Euler’s Gem will fascinate every mathematics enthusiast. This paperback edition contains a new preface by the author.
Contrary to popular belief--and despite the expulsion, emigration, or death of many German mathematicians--substantial mathematics was produced in Germany during 1933-1945. In this landmark social history of the mathematics community in Nazi Germany, Sanford Segal examines how the Nazi years affected the personal and academic lives of those German mathematicians who continued to work in Germany. The effects of the Nazi regime on the lives of mathematicians ranged from limitations on foreign contact to power struggles that rattled entire institutions, from changed work patterns to military draft, deportation, and death. Based on extensive archival research, Mathematicians under the Nazis show...
Most of us picture mathematicians laboring before a chalkboard, scribbling numbers and obscure symbols as they mutter unintelligibly. This lighthearted (but realistic) sneak-peak into the everyday world of mathematicians turns that stereotype on its head.Most people have little idea what mathematicians do or how they think. It's often difficult to see how their seemingly arcane and esoteric work applies to our own everyday lives. But mathematics also holds a special allure for many people. We are drawn to its inherent beauty and fascinated by its complexity?but often intimidated by its presumed difficulty. The Secret Life of Numbers opens our eyes to the joys of mathematics, introducing us t...
A thoughtful, clear and utterly fascinating reference, this book is absolutely vital to writers who want to put extraterrestrial life-forms in their novels and stories.
Options have been traded for hundreds of years, but investment decisions were based on gut feelings until the Nobel Prize -- winning discovery of the Black-Scholes options pricing model in 1973 ushered in the era of the "quants." Wall Street would never be the same. In Pricing the Future, financial economist George G. Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker's assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists who looked for a way to explain the movement of atoms and molecules, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.