Articles

Gambler’s Ruin

20th June 2019 admin 0

The term “gambler’s ruin” is used for a number of statistical ideas whose common denominator is predicting the eventual outcome of a series of repeated bets. There are some beautiful and counterintuitive results in which […]

Articles

What Will History Make of Brexit?

5th June 2019 Editor 0

Asked what was the most difficult thing about his job, British Prime Minister Harold Macmillan is reputed to have replied: “Events, dear boy, events.” Brexit may be one such event. The only known fact is […]

Articles

Statistiks

8th May 2019 Editor 0

The English word is taken from the German statistik, which was invented by Gottfried Aschenwall and used in his 1748 work Vorbereitung zur Staatswissenschaft. Aschenwall’s statistiks had nothing to do with either numbers or probability. […]

Articles

Poker as a Lottery

24th April 2019 Editor 0

Doyle Brunson , two-time winner of the World Series of Poker main event, has likened a poker tournament to a lottery in which more skilled players (like himself) hold more tickets than less skilled players […]

Articles

Wilmott 100: Paul Wilmott Waxes Nostalgic

3rd April 2019 Editor 0

Wilmott Magazine reached the milestone of 100 issues with the publication of the March 2019 edition. What better time then to delve into the history of the magazine, the changes in quantitative finance over the […]

Articles

Wilmott 100: “Why’s it Square?”

27th March 2019 Editor 0

Wilmott Magazine reaches 100 issues this month. Having realized the milestone might have some significance Paul Wilmott and Dan Tudball recently sat down with Randeep Gug of the CQF to delve into the history of […]

Articles

Teraflops for Games and Derivatives Pricing

27th February 2019 Editor 0

Financial computing continuously demands higher computing performance, which can no longer be accomplished by simply increasing clock speed. Cluster and grid infrastructures grow, their cost of ownership explodes. Over the past twenty years, financial computing […]

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