Financial Mathematics Text

Tuesday, May 21, 2013

Plantinga on Antirealism

So I decided to read Alvin Plantinga's How to be an Anti-Realist which I thought might be interesting. Unfortunately I was disappointed.

I won't present a thorough discussion of the paper but I will draw upon one bit of reasoning I found a bit goofy.

Saturday, May 18, 2013

Is the Powerball lottery a good value?

The Powerball lottery jackpot for Saturday May 13, 2013 is estimated to be around \$600 million. That raises the question, with it being this high, is it a good gamble?

If math bores you, I'll give you a hint (it's not.) To show this is the case let's take a look at the payouts and the odds as listed here.

Wednesday, May 1, 2013

On the Use and Abuse of Debt

Debt plays an important role in the US economy (and the world economy for that matter). It's actually a very interesting social arrangement. I highly recommend David Graeber's book - Debt: The First 5,000 Years - if you're interested in exploring debt from an historical/anthropological perspective.(I may discuss this in a later post if I get around to it.)

Today I won't be questioning the existence of debt relations but will take them as given. The question here will be this: is there a sensible way to deal with debt?