Partha Gangopadhyay*, University of Western Sydney*

*Welcome to our series on economic theories that are changing the way we think. Today, Partha Gangopadhyay explains game theory.* 878 more words

Partha Gangopadhyay*, University of Western Sydney*

*Welcome to our series on economic theories that are changing the way we think. Today, Partha Gangopadhyay explains game theory.* 878 more words

John Gribbin — Computing with Quantum

Cats: from Colossus to Qubits — Prometheus Books, 2014,

295 pp. ISBN 978-1-61614-921-5

The book presents the genesis of the various ideas that may lead, one day, to a practical quantum computer. 131 more words

Monte Carlo methods (or Monte Carlo experiments) are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. They are often used in physical and mathematical problems and are most useful when it is difficult or impossible to use other mathematical methods. 1,004 more words

JDN 2457118 EDT 20:50.

In an earlier post I talked about how, empirically, expected utility theory can’t explain the fact that we buy both insurance and lottery tickets, and how, normatively it really doesn’t make a lot of sense to buy lottery tickets precisely because of what expected utility theory says about them. 1,579 more words

The story was that John von Neumann was asked about the following problem :

- 2 bikes are headed toward each other at the same speed 60 km/h, they are separated each other by 2 kilometers. 239 more words

It was the anniversary ofÂ John von Neumann’s death last Sunday. If I had an intellectual hero it would be von Neumann; he basically was an expert in… 1,135 more words

I remember pouring over the first few pages of A Short History of Nearly Everything by Bill Bryson and thinking how science would become so interesting to study if we added the real stories behind discoveries, inventions, discoverers and inventors. 63 more words