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SUMMARY:Ethics for the working mathematician\, discussion 2: Financial Mat
 hematics and Modelling - Maurice Chiodo (University of Cambridge)
DTSTART:20201020T150000Z
DTEND:20201020T160000Z
UID:TALK152398@talks.cam.ac.uk
CONTACT:Toby Clifton
DESCRIPTION:We all know about examples of mathematicians misbehaving in fi
 nance\, and\neven being jailed as a result: Tom Hayes and Ke Xu are two ex
 amples. But\nmore subtle are the modelling tools mathematicians produce. M
 athematical\nmodelling is ubiquitous in understanding the way the world wo
 rks\, from\nfinance to physics to climate patterns. Understanding how to d
 evelop and\nuse a model\, as well as its limitations\, and the way it inte
 racts with\nthe world\, is indispensable in preventing it from causing har
 m.\nUnfortunately\, as we saw in the financial crash of 2007\, such models
  are\nsometimes poorly understood\, with devastating consequences.\n\nFor 
 more information about this series of discussions\, please see https://cue
 ims.soc.srcf.net/2020.\n
LOCATION:Google Meet - https://meet.google.com/nmr-kumf-drc
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