Pisa, Italy

Computational Methods and Mathematical Models for Science and Finance

Metodi computazionali e modelli matematici per le scienze e la finanza

Table of contents

⇑Computational Methods and Mathematical Models for Science and Finance at SNS

Language: Italian Studies in Italian
Subject area: mathematics and statistics
University website: www.sns.it
Type: PhD/Doctoral programme (Dottorato di ricerca)
Academic degree: Dottore di ricerca (PhD)
Duration: 3 years

⇑Definitions and quotes

Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Science
Within the short span of a human life and with man's limited powers of memory, any stock of knowledge worthy of the name is unattainable except by the greatest mental economy. Science itself, therefore, may be regarded as a minimal problem, consisting of the completest possible presentment of facts with the least possible expenditure of thought.
Ernst Mach, The Science of Mechanics: A Critical and Historical Account of Its Development (1893) p. 490, Tr. Thomas J. McCormack.
Finance
The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
Jean-Baptiste Say A Treatise On Political Economy (Fourth Edition) (1832) Book III, On Consumption, Chapter VIII, Section I, p. 449
Science
Take a look at George Gamow, who is now recognized as one of the great cosmologists of the last hundred years. I speculate that he probably didn't win the Nobel Prize because people could not take him seriously. He wrote children's books. His colleagues have publicly stated his writing children's books on science had an adverse effect on his scientific reputation, and people could not take him seriously when he and his colleagues proposed that there should be a cosmic background radiation, which we now know to be one of the greatest discoveries of 20th-century physics.
Michio Kaku, in "Borrowed Time: Interview with Michio Kaku".
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