http://cameroncounts.wordpress.com/2011/06/30/ecology-and-banking/ always busy counting, doubting every figured guess . . . Wed, 19 Jun 2013 18:15:17 +0000 hourly 1 http://wordpress.com/ http://cameroncounts.wordpress.com/2011/06/30/ecology-and-banking/#comment-2541 Thu, 07 Jul 2011 22:27:36 +0000 http://cameroncounts.wordpress.com/?p=1443#comment-2541 Someone who worked in the finance industry explained this to me. The people who write the reports are properly educated mathematicians who hedge what they say with the appropriate conditions. But as the report goes up the chain, the conditions get progressively ignored by people who don’t see the point of them.

]]> http://cameroncounts.wordpress.com/2011/06/30/ecology-and-banking/#comment-2521 Thu, 30 Jun 2011 11:13:16 +0000 http://cameroncounts.wordpress.com/?p=1443#comment-2521 The point about the Central Limit Theorem is particularly important. It shows the value of teaching mathematical understanding rather than just use of mathematical tools.

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