Showing results for "The Physics of Finance" in All Categories

In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. Derman details his adventures in this field - analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. Throughout this tale, he also reflects on the appropriate way to apply the refined methods of physics to the hurly-burly world of markets.

Shining a light on the most profound insights revealed by modern physics, Jim Al-Khalili invites us all to understand what this crucially important science tells us about the universe and the nature of reality itself. Al-Khalili begins by introducing the fundamental concepts of space, time, energy, and matter, and then describes the three pillars of modern physics - quantum theory, relativity, and thermodynamics - showing how all three must come together if we are ever to have a full understanding of reality.

Every Prime Minister of independent India has guided, if not personally overseen, one prized portfolio: technology. If, in the early years, Nehru and his scientist-advisors retained an iron grip on it, subsequent governments created a bureaucracy that managed everything from the country's crown...