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Counting Money

Counting Money

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Published by Amber Habib
Slides for a lecture to undergraduates on mathematical finance.
Slides for a lecture to undergraduates on mathematical finance.

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Categories:Business/Law, Finance
Published by: Amber Habib on Nov 11, 2009
Copyright:Attribution Non-commercial

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02/05/2013

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COUNTING MONEY
AMBER HABIB
MATHEMATICAL SCIENCES FOUNDATIONNEW DELHI
Lecture at Alpha, Mathematics Society festival,Hindu College, Delhi
 –
Nov 4, 2009
1
 
Where does Mathscome from?
Pure Imagination
Practical Problems
Accounting
Arithmetic
Measuring area to estimate tax revenue
Geometry
Maps
Coordinate & Spherical Geometry
Interest & Loans
Roots of Polynomials
Gambling
Probability
Mechanics
Calculus
Heat
PDE, Harmonic Analysis, Cardinality,…
2
 
How do we estimate “Value”?
3
What is Value of an item in terms of money?
One answer: What we will get if we sell it.
Problem: How do you estimate value withoutselling the item?
This will obviously involve uncertainty andprobability. In fact, a very large chunk of modernmathematics is now applied to this problem.

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