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Quotes by Mathematicians
In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.
John Hull
Time
Black
Long
Long Time
Rate
Area
Known
Another
Version
Model
Options
Same
Interest
Swap
Used
Caps
European
Floors
Bond
One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is concerned with extreme outcomes. If the tails of the probability distributions we are using are too thin, our VAR measures are likely to be too low.
John Hull
Problem
Measurement
Important
Too
Our
Extreme
Outcomes
Mentioned
Tails
Likely
Concerned
Concerns
Issue
Probability
Low
Measures
Using
Thin
Earlier
Fat
Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
John Hull
Tree
Our
High
Rate
Direction
Very
Depends
Moves
Upward
Which
Short-Term
Interest
Low
Average
Downward
Actually
Level
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.
John Hull
You
Challenge
Value
Other
Three-Month
Rate
Something
Rates
Only
Could
Simultaneously
Well
Real
Model
Depended
Interest
Interest Rates
There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk.
John Hull
Challenges
Measurement
Important
Dimensions
Risk
Like
Terms
Known
Nonlinear
Where
Derivatives
Gamma
Things
We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners.
John Hull
Giving
Research
Our
Has-Been
Contact
Since
Stimulated
Been
Conferences
Then
Derivatives
Started
It would appear that we have reached the limits of what it is possible to achieve with computer technology, although one should be careful with such statements, as they tend to sound pretty silly in 5 years.
John von Neumann
Technology
Achieve
Statements
Possible
Would
Be Careful
Pretty
Silly
Tend
Computer
Reached
Although
Sound
Limits
Years
Should
Appear
Careful
The mathematician, carried along on his flood of symbols, dealing apparently with purely formal truths, may still reach results of endless importance for our description of the physical universe.
Karl Pearson
Universe
Our
Carried
Physical
Purely
Results
Along
Reach
Importance
Dealing
Still
His
Mathematician
Truths
Endless
May
Formal
Apparently
Description
Flood
Symbols
Like what you do, and then you will do your best.
Katherine Johnson
Best
You
Will
Do Your Best
Like
Then
Your
Our teachers made such a difference - all my teachers and professors were very supportive and nurturing.
Katherine Johnson
Nurturing
Made
Our
Supportive
Were
Very
Difference
Teachers
Professors
To those who ask what the infinitely small quantity in mathematics is, we answer that it is actually zero. Hence there are not so many mysteries hidden in this concept as they are usually believed to be.
Leonhard Euler
Mathematics
Mysteries
Those
Hidden
Small
Concept
Quantity
Answer
Infinitely
Ask
Who
Many
Hence
Believed
Zero
Actually
Madam, I have come from a country where people are hanged if they talk.
Leonhard Euler
People
Country
Madam
Come
Talk
Hanged
Where
We need scientists and mathematicians explaining why they are excited about their subjects but also why they are important for solving social problems, informing political debate and for the economy.
Marcus du Sautoy
Political
Debate
Problems
Important
Solving
About
Excited
Economy
Also
Scientists
Political Debate
Mathematicians
Subjects
Informing
Explaining
Social
Social Problems
Why
Need
Artists realise that mathematicians have a way of looking at the world that can make them see things differently.
Marcus du Sautoy
World
Looking
Way
See
Make
Mathematicians
Artists
Realise
Them
Differently
Things
I think science is a foreign land for many people, so I think of my role as an ambassador's job.
Marcus du Sautoy
Science
People
Job
Think
Foreign
Foreign Land
Ambassador
Role
Land
Many
I think my primary audience is in some sense an adult audience, because I think that will then have a knock-on effect for children.
Marcus du Sautoy
Will
Sense
Think
Some
Adult
Primary
Because
Audience
Effect
Children
Then
You know, I'm not terribly fast at my times tables, because that's not what I think mathematics is about.
Marcus du Sautoy
Mathematics
You
Think
Tables
About
Know
Terribly
Because
Times
Fast
I'm obviously attuned to pick up mathematics whenever I can see it. But in Mozart there is a lot of conscious use of mathematical symbolism and numbers in order to try and give messages.
Marcus du Sautoy
Mathematics
Try
See
Give
Pick
Messages
Obviously
Attuned
Mathematical
Lot
Up
Whenever
Order
Mozart
Use
Conscious
Symbolism
Numbers
It's my belief that you can take everyone down a logical path if you take them slowly enough, and the trouble is that mathematical brains can get scrambled a little bit on the way. You get a bad teacher, it messes you up for the rest of the journey.
Marcus du Sautoy
Teacher
Journey
You
Logical
Path
Rest
Trouble
Down
Enough
Everyone
Way
Bit
Bad
Slowly
Take
Messes
Mathematical
Brains
Up
Get
Scrambled
Little
Little Bit
Them
Belief
The best mobile phone had the best mathematician. They know how to fit a huge amount of data into a small amount of space. How to do things efficiently, how to do them cleverly.
Marcus du Sautoy
Best
Phone
Space
Data
Small
Had
Know
How
Mathematician
Mobile
Fit
Huge
Huge Amount
Efficiently
Them
Amount
Things
The reason why we do maths is because it's like poetry. It's about patterns, and that really turned me on. It made me feel that maths was in tune with the other things I liked doing.
Marcus du Sautoy
Me
Made
Other
About
Poetry
Feel
Like
Liked
Because
Doing
Maths
Tune
Patterns
Turned
Really
Reason
Why
Things
I did poorly in math for a couple of years in middle school; I was just not interested in thinking about it.
Maryam Mirzakhani
School
Thinking
About
Couple
Math
Years
Did
Just
Middle
Middle School
Not Interested
Interested
Poorly
I find it fascinating that you can look at the same problem from different perspectives and approach it using different methods.
Maryam Mirzakhani
You
Problem
Approach
Find
Look
Methods
Same
Different
Perspectives
Different Perspectives
Fascinating
Using
I like crossing the imaginary boundaries people set up between different fields - it's very refreshing.
Maryam Mirzakhani
People
Crossing
Between
Boundaries
Like
Up
Very
Refreshing
Different
Fields
Imaginary
Set
I don't give up easily.
Maryam Mirzakhani
Easily
Give
Up
As a graduate student at Harvard, I had to explain quite a few times that I was allowed to attend a university as a woman in Iran.
Maryam Mirzakhani
Woman
Few
Harvard
Student
Had
Allowed
Attend
Iran
Times
Graduate
Quite
Graduate Student
Explain
University
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