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SUMMARY:Ethics for the working mathematician\, discussion 2: Financial Mat
 hematics and Modelling - Maurice Chiodo (University of Cambridge)
DTSTART:20211019T150000Z
DTEND:20211019T160000Z
UID:TALK163675@talks.cam.ac.uk
CONTACT:Artem Khovanov
DESCRIPTION:We all know about examples of mathematicians misbehaving in fi
 nance\, and even being jailed as a result: Tom Hayes and Ke Xu are two exa
 mples. But more subtle are the modelling tools mathematicians produce. Mat
 hematical modelling is ubiquitous in understanding the way the world works
 \, from finance to physics to climate patterns. Understanding how to devel
 op and use a model\, as well as its limitations\, and the way it interacts
  with the world\, is indispensable in preventing it from causing harm. Unf
 ortunately\, as we saw in the financial crash of 2007\, such models are so
 metimes poorly understood\, with devastating consequences.\n\nFor more inf
 ormation about this series of discussions\, please see https://cueims.soc.
 srcf.net/2021.
LOCATION:Google Meet - https://meet.google.com/nmr-kumf-drc
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