Written not from a post-crisis perspective – but from a preventative point of view – this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. You'll learn how the deadly allure of their ice-cold beauty has misled generations of economists and investors, and how continued reliance on these formulas can either assist future economic development, or send the global economy into the financial equivalent of a cardiac arrest. Rather than rehash tales of post-crisis fallout, this book focuses on preventing the next one. By exploring the heart of the shadow economy, you'll be better prepared to ride the rough waves of finance into the turbulent future. Delve into one of the world's least-understood but highest-impact industries Understand the key principles of quantitative finance and the evolution of the field Learn what quantitative finance has become, and how it affects us all Discover how the industry's next steps dictate the economy's future How do you create a quadrillion dollars out of nothing, blow it away and leave a hole so large that even years of "quantitative easing" can't fill it – and then go back to doing the same thing? Even amidst global recovery, the financial system still has the potential to seize up at any moment. The Money Formula explores the how and why of financial disaster, what must happen to prevent the next one.

    After sampling myths explaining First Light, the story moves on to early philosophers' queries, then through the centuries, from Buddhist temples to Biblical scripture, when light was the soul of the divine.Battling darkness and despair, Gothic architects crafted radiant cathedrals while Dante dreamed a "heaven of pure light." Later, following Leonardo's advice, Renaissance artists learned to capture light on canvas. During the Scientific Revolution, Galileo gathered light in his telescope, Descartes measured the rainbow, and Newton used prisms to solidify the science of optics. But even after Newton, light was an enigma. Particle or wave? Did it flow through an invisible "ether"? Through the age of Edison and into the age of lasers, Light reveals how light sparked new wonders--relativity, quantum electrodynamics, fiber optics, and more.Although lasers now perform everyday miracles, light retains its eternal allure. "For the rest of my life," Einstein said, "I will reflect on what light is." Light explores and celebrates such curiosity.

    By linking research ranging from the ancient Greek "dream temples" and modern experiments in telepathy, REM, and lucid dreaming to his own research on human consciousness, he theorizes that dreaming is the basis for consciousness, and that it is through dreaming that we are able to manifest a sense of ourselves.

    Written by two of the world’s foremost authorities on space history, Hubble: Imaging Space and Time illuminates the solar system’s workings, the expansion of the universe, the birth and death of stars, the formation of planetary nebulae, the dynamics of galaxies, and the mysterious force known as "dark energy." The potential impact of this book cannot be overstressed: The 2008 servicing mission to install new high-powered scientific instruments is especially high profile because the cancellation of the previous mission, in 2004, caused widespread controversy. The authors reveal the inside story of Hubble’s beginnings, its controversial early days, the drama of its first servicing missions, and the creation of the dynamic images that reach into the deepest regions of visible space, close to the time when the universe began. A wealth of astonishing images leads us to the very edge of known space, setting the stage for the new James Webb Space Telescope, scheduled to launch in 2013. Find the stunning panoramic of Carina Nebula, detailing star birth as never before; a jet from a black hole in one galaxy striking a neighboring galaxy; a jewel-like collection of galaxies from the early years of the universe; and a giant galaxy cannibalizing a smaller galaxy. Timed for the 2008 shuttle launch and coinciding with the 400th anniversary of Galileo’s first telescope, Hubble: Imaging Space and Time accompanies a high-profile exhibit at the National Air and Space Museum and will be featured on the popular NASM website.

    But increasingly, it looks as though life is the result of cosmic asymmetry, and scientists are now preparing to uncover the asymmetries at the heart of the Big Bang. As we begin a new millennium, it becomes clearer that true understanding of our Universe will come only from identifying and understanding the asymmetries that surround us. While modern scientific theory describes a uniformly perfect and symmetrical creation, we know that were that so, matter would have been destroyed within an instant of its appearance and nothing that we now know could ever have happened. Not only cosmic life but our own everyday variety is full of other examples of asymmetry, from the human body to the molecules of life. In Lucifer's Legacy, physicist Frank Close explores the origins of asymmetry from the molecular level to the Universe at large, and asks whether this multitude of examples can be traced back to a single event that took place at the origin of our Universe. Inspired by a chance encounter with a statue of Lucifer in the Tuillerie gardens in Paris, Close takes the reader on a sweeping tour of asymmetry in the world around us, from the development of human embryos to the mysterious Higgs boson. His tour culminates in the research now underway at CERN to recreate the Big Bang in Switzerland in 2005 and thus to solve this mystery of the original asymmetry. Vividly and engagingly written, Lucifer's Legacy reveals that whenever asymmetry occurs in Nature, it points towards deeper truths.

    Some of these incredible devices may still be far from our reach, but others have made the leap from science fiction to science fact—and now you can learn the science and engineering of what makes them tick.Treknology looks at over twenty-five iconic inventions from the complete history of the Star Trek television and film universe. Author Ethan Siegel explores and profiles these dazzling technologies and their role Star Trek, the science behind how they work, and how close we are to achieving them in the real world today.This stunning collection is packed with 150 superb film and television stills, prop photography, and scientific diagrams to pull you into another world. Brace yourself for a detailed look at the inner workings of Star Trek’s computing capabilities, communications equipment, medical devices, and awe-inspiring ships. This book is one that no fan of Star Trek, or future tech, will want to miss.

    But from the perspective of mathematics, groupings of ten are arbitrary, and can have serious shortcomings. Twelve would be better for divisibility, and eight is smaller and well suited to repeated halving. Grouping by two, as in binary code, has turned out to have its own remarkable advantages.Paul Lockhart reveals arithmetic not as the rote manipulation of numbers--a practical if mundane branch of knowledge best suited for balancing a checkbook or filling out tax forms--but as a set of ideas that exhibit the fascinating and sometimes surprising behaviors usually reserved for higher branches of mathematics. The essence of arithmetic is the skillful arrangement of numerical information for ease of communication and comparison, an elegant intellectual craft that arises from our desire to count, add to, take away from, divide up, and multiply quantities of important things. Over centuries, humans devised a variety of strategies for representing and using numerical information, from beads and tally marks to adding machines and computers. Lockhart explores the philosophical and aesthetic nature of counting and of different number systems, both Western and non-Western, weighing the pluses and minuses of each.A passionate, entertaining survey of foundational ideas and methods, Arithmetic invites readers to experience the profound and simple beauty of its subject through the eyes of a modern research mathematician.

    This book is a fascinating and accessible summary of Roger Penrose's current thinking on those areas of physics in which he feels there are major unresolved problems. It is also a stimulating introduction to the radically new concepts that he believes will be fruitful in understanding the workings of the brain and the nature of the human mind.

    His imagination was so large that, just "by thinking on it," he invented calculus and figured out the scientific explanation of gravity.Yet Newton was so small-minded that he set out to destroy other scientists who dared question his findings. Here is a compelling portrait of Newton, contradictions and all, that places him against the backdrop of 17th-century England, a time of plague, the Great Fire of London, and two revolutions.

    Accompanying this unique perspective on our ever-evolving view of the universe are some of the most visually dramatic illustrations you'll ever see. Short, lucid articles focus on everything from the speculations of the ancient Greeks to today's Nobel Prize winners, from Ptolemy's theory of an Earth-centered universe to the first steps on the moon, and from the dawning of the concept of zero to the cloning of Dolly the sheep. Biology, physics, astronomy, medicine, and mathematics: the breakthroughs in every field are all here and celebrated, in the first truly accessible, fully illustrated story of science.

    Here the German-born scientist Wernher von Braun detailed what he believed were the problems and possibilities inherent in a projected expedition to Mars.    Today von Braun is recognized as the person most responsible for laying the groundwork for public acceptance of America's space program. When President Bush directed NASA in 1989 to prepare plans for an orbiting space station, lunar research bases, and human exploration of Mars, he was largely echoing what von Braun proposed in The Mars Project.

    Topics covered in the book include linear equations, ratios, quadratic equations, special factorizations, complex numbers, graphing linear and quadratic equations, linear and quadratic inequalities, functions, polynomials, exponents and logarithms, absolute value, sequences and series, and much more!The text is structured to inspire the reader to explore and develop new ideas. Each section starts with problems, giving the student a chance to solve them without help before proceeding. The text then includes solutions to these problems, through which algebraic techniques are taught. Important facts and powerful problem solving approaches are highlighted throughout the text. In addition to the instructional material, the book contains well over 1000 problems.This book can serve as a complete Algebra I course, and also includes many concepts covered in Algebra II. Middle school students preparing for MATHCOUNTS, high school students preparing for the AMC, and other students seeking to master the fundamentals of algebra will find this book an instrumental part of their mathematics libraries.656About the author: Richard Rusczyk is a co-author of Art of Problem Solving, Volumes 1 and 2, the author of Art of Problem Solving's Introduction to Geometry. He was a national MATHCOUNTS participant, a USA Math Olympiad winner, and is currently director of the USA Mathematical Talent Search.

    Together, they explain virtually everything about the world we live in. But, almost a century after their advent, most people haven't the slightest clue what either is about. Did you know that there's so much empty space inside matter that the entire human race could be squeezed into the volume of a sugar cube? Or that you grow old more quickly on the top floor of a building than on the ground floor? And did you realize that 1 per cent of the static on a TV tuned between stations is the relic of the Big Bang? These and many other remarkable facts about the world are direct consequences of quantum physics and relativity. Quantum theory has literally made the modern world possible. Not only has it given us lasers, computers, and nuclear reactors, but it has provided an explanation of why the sun shines and why the ground beneath our feet is solid. Despite this, however, quantum theory and relativity remain a patchwork of fragmented ideas, vaguely understood at best and often utterly mysterious. average person. Author Marcus Chown emphatically disagrees. As Einstein himself said, Most of the fundamental ideas of science are essentially simple and may, as a rule, be expressed in a language comprehensible to everyone. If you think that the marvels of modern physics have passed you by, it is not too late. In Chown's capable hands, quantum physics and relativity are not only painless but downright fun. So sit back, relax, and get comfortable as an adept and experienced science communicator brings you quickly up to speed on some of the greatest ideas in the history of human thought.

    The Kingfisher Science Encyclopedia is the one reference that includes all of the information students need to know in today's fast-paced world. Clearly written and illustrated articles provide in-depth insight and concise authoritative information. An impressive reference section at the end of the book contains minibiographies of famous scientists, plus an illustrated time line of key inventions and discoveries. Arranged thematically into ten chapters, with reference summaries at the end of each chapter and a full index, the encyclopedia does more than merely provide facts about science and technology—it helps the reader think for him or herself, develop an enquiring mind, pose challenging questions, and explore new topics.

    41 illustrations.