Scirens.com is proud to partner with Perimeter Institute for the first free public lecture of 2017 discussing the physics of Wall Street. Join author James Weatherall on Wed., Feb. 1 at 4PM PT (7PM ET) for this exciting event.
Twenty-first century finance is built on complex mathematical tools developed by “quants,” a different breed of investor with expertise in fields such as physics, mathematics, and computer science. These models have been the basis for both new trading strategies and new financial products, leading to untold wealth.
In some cases, however, these models have done more damage than good, making markets less stable and introducing new systemic risk.
In his Perimeter Institute Public Lecture, James Weatherall will tell the story of how, in the aftermath of World War II, some innovative physicists and mathematicians saw surprising connections between physics, gambling, and finance, and put those connections to use to become the first quants. He will introduce some of the ideas behind modern quantitative trading and show how the history of mathematical reasoning in finance reveals that these models can be extremely useful — but only if we understand their limitations.
Following the talk, Mr. Weatherall will answer questions both from the in-house audience and from Facebook and Twitter (using the hashtag #piLIVE). Questions are welcomed from everyone – aspiring scientific explorers, school classes, physics and chemistry buffs, and general science enthusiasts.
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Perimeter Institute for Theoretical Physics (PI) is an independent, non-profit, scientific research organization working to advance our understanding of physical laws and develop new ideas about the very essence of space, time, matter, and information. Located in Waterloo, Ontario, Canada, PI also provides a wide array of research training and educational outreach activities to nurture scientific talent and share the importance of discovery and innovation among students, teachers, and the general public. http://www.perimeterinstitute.ca and @Perimeter.