"From Gambling to Annuities"
with special guest Donald Richards
Monday, July 10 at 6:30 pm ET
Join hosts Alex Kontorovich and Andy Davidson for The Buck Starts Here, a series revealing the interwoven history of math and finance. This session of the series delves into the mathematics of risk. Despite the widespread recognition of financial risk, the mathematics of probability did not grow out of a study of financial risk, but rather, from several problems in gambling that stumped mathematicians for generations. Explore how the combination of statistics with probability for computing annuities led to significant mathematical and financial breakthroughs!
About The Buck Starts Here:
Finance lives at the intersection of wealth, time and risk.
The vast machinery of our financial systems relies on mathematics ranging from arithmetic through stochastic calculus. While finance benefits greatly from mathematics, it is not a one-way relationship — many concepts in mathematics, from zero and negative numbers to the dynamics of random motion, had their genesis in financial applications.
In this four-part series of connected but independent presentations, discover how some of the greatest mathematicians across the continents and millennia transformed concrete financial problems into abstract mathematical concepts, while addressing financial applications.
Whether you are curious about the history of math or looking for practical financial information, this series is for you. With help from experts in finance and the history of mathematics, we will explore how real world problems inspire mathematical thinking and learn how to apply those mathematical insights to improve our own financial decision making today.
The Buck Starts Here series is hosted by Alex Kontorovich and Andy Davidson, and each session will feature a guest expert. Alex is a Professor of Mathematics at Rutgers University and MoMath's 2020–2021 Distinguished Visiting Professor for the Public Dissemination of Mathematics. Andy Davidson is the founder of Financial Life Cycle Education and a member of the MoMath Advisory Council.
|Event fee optional||$ 0.00|
|Event fee||$ 15.00|
|Event fee plus $15 donation to support families in need||$ 30.00|