Massachusetts leads the way in science and math education

For many years, educators in the U.S. have been able to do little more than cry at the disappointing test scores. For example, in the 2011 Trends in International Mathematics and Science Study (TIMSS), which tests mathematics and science, U.S. eighth graders ranked 11th in mathematics and 10th in science. While not disastrous, these scores are not very impressive for a nation that claims to be the world’s pre-eminent force in science and technology.

By comparison, Australian eighth graders ranked 19th in mathematics and 12th place in science. In Europe, Ireland, Belgium, Finland, England and Russia did fairly well in

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Fraud, foolishness and error in scientific research

Sloppy science

The world of economics was shaken two weeks ago with the report that a key paper and accompanying book in the field of macroeconomics (which have been cited by Paul Ryan and by other politicians internationally in their calls for austerity and debt reduction) is in error, the result of a faulty Excel spreadsheet and other mistakes, all of which could have been found had the authors simply been more open with their data.

Yet, experimental error and lack of reproducibility have dogged scientific research for decades. Recall the case of N-rays (supposedly a new form of radiation)

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Reliability, reproducibility and the Reinhart-Rogoff error

Harvard faculty Carmen Reinhart and Kenneth Rogoff are two of the most respected and influential academic economists active today.

On April 16, 2013, doctoral student Thomas Herndon and professors Michael Ash and Robert Pollin, at the Political Economy Research Institute at the University of Massachusetts Amherst, released the results of their analysis of two 2010 papers by Reinhard and Rogoff, papers that also provided much of the grist for their 2011 best seller Next Time Is Different. The Reinhart-Rogoff papers had analyzed economic growth rates spanning nearly two centuries, in numerous different nations, and concluded that when the ratio of

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Reproducible science in the computer age

It has been conventional wisdom that computing is the “third leg” of the stool of modern science, complementing theory and experiment. But that metaphor is no longer accurate. Instead, computing now pervades all of science, including theory and experiment. Nowadays massive computation is required just to reduce and analyze experimental data, and simulations and computational explorations are employed in fields as diverse as climate modeling and research mathematics.

Unfortunately, the culture of scientific computing has not kept pace with its rapidly ascending pre-eminence in the broad domain of scientific research. In experimental research work, researchers are taught early the importance

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Welcome to the Mathematical Investor blog!

This blog is operated by:

David H. Bailey, recently retired from the Lawrence Berkeley National Lab; also affiliated with the University of California, Davis: DHB website. Jonathan M. Borwein, Laureate Professor and Director, Priority Research Centre for Computer-Assisted Research Mathematics and its Applications (CARMA), University of Newcastle, Newcastle, Australia: JMB website. Marcos Lopez de Prado, Senior Managing Director, Guggenheim Partners: MLDP website. Qiji Jim Zhu, Professor of Mathematics, Western Michigan University: QJZ website.

This blog, and the associated Website, are devoted to research in financial mathematics, computational aspects of financial mathematics, and the larger realm of computing, science and society.

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