Paul's Blog

Bankers Can’t Avoid Risk by Hiding It

(A version of this was first published on Bloomberg.com on May 24, 2011.) One of the supposed silver linings of our recent economic disaster was the idea that we finally understood how hazardous our exotic […]

Paul's Blog

Quant Lessons From The Royal Wedding

I like to teach certain quant finance ideas by reference to real life, often involving supermarkets and tins of baked beans (see for example The Role of Mathematics in Finance: Relevance, Reliance, Robustness). This is […]

Paul's Blog

HIQLEQ

In 1983 Howard Gardner proposed a theory of ‘multiple intelligences,’ and to date has listed eight different types: Spatial; Linguistic; Logical-mathematical; Bodily-kinesthetic; Musical; Interpersonal; Intrapersonal; Naturalistic. The interesting point about this is not the concept, […]

Paul's Blog

Rewarding Mathematics

We hear a lot about how talent will leave the major financial centres if taxes or regulations become unacceptable. That people move to more favourable locations is more or less plausible. But what seems to […]