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SUMMARY:Ethics for the working mathematician\, Seminar 2: Financial Mathem
 atics and Modelling - Maurice Chiodo (University of Cambridge)
DTSTART:20231016T150000Z
DTEND:20231016T170000Z
UID:TALK207271@talks.cam.ac.uk
CONTACT:Sae Koyama
DESCRIPTION:      We all know about examples of mathematicians misbehaving
  in finance\, and\n      even being jailed as a result: Tom Hayes and Ke X
 u are two examples. But\n      more subtle are the modelling tools mathema
 ticians produce. Mathematical\n      modelling is ubiquitous in understand
 ing the way the world works\, from\n      finance to physics to climate pa
 tterns. Understanding how to develop and\n      use a model\, as well as i
 ts limitations\, and the way it interacts with the\n      world\, is indis
 pensable in preventing it from causing harm. Unfortunately\,\n      as we 
 saw in the financial crash of 2007\, such models are sometimes poorly\n   
    understood\, with devastating consequences.\n
LOCATION:MR13\,  Centre for Mathematical Sciences\, Wilberforce Road\, Cam
 bridge
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