tag:blogger.com,1999:blog-4795284845836270713.post4887071910989768993..comments2021-06-11T19:33:59.067+01:00Comments on Beaker Folk of Husborne Crawley: Placing the Blame for the Financial CrashWodeWosehttp://www.blogger.com/profile/18381754587879658356noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4795284845836270713.post-24547291964345148312012-04-28T21:18:59.903+01:002012-04-28T21:18:59.903+01:00Have you been reading "The Fear Index"? ...Have you been reading "The Fear Index"? I think it's by Richard Harris and anyway it explains everything and why are are all doomed. By mathematicians. It's because once you get past school everything is done in Greek. I lost interest when we had finished up the Greek alphabet and got started on the Hebrew one. That just seemed too silly to me; unfortunate as I was doing a Maths degree at the time.KirstenMhttps://www.blogger.com/profile/04460530603998948689noreply@blogger.comtag:blogger.com,1999:blog-4795284845836270713.post-23841238116037766912012-04-28T11:05:28.958+01:002012-04-28T11:05:28.958+01:00The Duckworth-Scholes method is in fact that which...The Duckworth-Scholes method is in fact that which is used in determining the scoring method on QI, an early variant of which was used to calculate videoplus numbers, for those who remember them. <br /><br />However, not enough attention has been paid to mathematical denominations. The pure mathematicians never did anyone any harm. They did some good at times of crisis (c.f. Bletchly Park) but for the most part they are inert. It's those who investigate statistics that were the progenitors of the meltdown. <br /><br />Don't blame the physics-based applied mathematicians. We're the good guys; if somewhat living in an orthogonal world.Sipechhttps://www.blogger.com/profile/07867205681422416409noreply@blogger.comtag:blogger.com,1999:blog-4795284845836270713.post-29740481843119256162012-04-28T10:20:12.917+01:002012-04-28T10:20:12.917+01:00I'm afraid I got lost in the BBC article. I th...I'm afraid I got lost in the BBC article. I think I confused the Black-Scholes formula with the Duckworth-Lewis method. Which was responsible for the economy again?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4795284845836270713.post-2676807242570505412012-04-28T08:53:10.636+01:002012-04-28T08:53:10.636+01:00I always thought that Mathematicians were responsi...I always thought that Mathematicians were responsible for everything?<br /><br />Ever since I got past simple arithmetic in school, and had to learn about the relationship between letters and numbers and curious squiggles on a chalk board, I've been mystified by mathematics and those strange, geeky people with spiky, uncontrolled hair, Joe Ninety spectacles and wispy, beards. (Just realised that this seems bit of a self portrait:( ).<br /><br />So, I'm not at all surprised that they are responsible for the economic collapse around the world. <br /><br />Ever since I visited a Mathematician, who set himself up as a financial advisor and kept saying Eureka during our discussions about whether I should empty my piggy bank and entrust it to some strange, fly by night commodity traders, I've doubted their abilities to connect with the real world of finance. His advice to invest in The White Star Line, just didn't seem appropriate on the 100th Anniversary of the Titanic.<br /><br />I actually blame Direct Debit for the failure of the economic system. Once bill paying was made painless for businesses, although painful for the consumer, we've lost sight of our money. Our mattress banks have been denuded and cash has become a dirty word (try handling it for long, filthy hands involved).<br /><br />So, perhaps shared between mathematicians and the man who invented Direct Debit.UKViewerhttps://www.blogger.com/profile/18114944341930758335noreply@blogger.com