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In Pursuit of the Unknown: 17 Equations That Changed the World is a 2012 nonfiction book by British mathematician Ian Stewart FRS CMath FIMA, published by Basic Books. [3] In the book, Stewart traces the history of the role of mathematics in human history, beginning with the Pythagorean theorem (Pythagorean equation) [4] to the equation that transformed twenty-first century financial markets ...
Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy, but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy.
Monte Carlo methods are used in corporate finance and mathematical finance to value and analyze (complex) instruments, portfolios and investments by simulating the various sources of uncertainty affecting their value, and then determining the distribution of their value over the range of resultant outcomes.
By Jill Krasny and Zachry Floro Math class may have seemed pointless back in the day, but it turns out all those confusing equations are quite useful. Math can be used to solve every money problem ...
Rostow's influential Five Stages of Growth pictures a plane journey whose fifth stage (the age of high mass consumption) leaves us in the air without a landing point. In practice, most natural systems follow an S-curve as a particular niche is filled. It is hard to predict a successful landing point for growth that meets the financial addiction ...
Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the financial field. In general, there exist two separate branches of finance that require advanced quantitative techniques: derivatives pricing on the one hand, and risk and portfolio ...
The responses come as inflation has continued to trend lower throughout 2024. In September the Consumer Price Index (CPI), a popularly cited inflation reading, increased 2.4% over the prior year.
The "Demystified" series is introductory in nature, for middle and high school students, favoring more in-depth coverage of introductory material at the expense of fewer topics. The "Easy Way" series is a middle ground: more rigorous and detailed than the "Demystified" books, but not as rigorous and terse as the Schaum's series.