Finance
Money, markets, and economic phenomena
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Finance
The math used to fund private healthcare plans values a hip fracture twice as much as kidney disease
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Finance
Micronesian villagers traded five-ton stone discs without ever moving them from their spots
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Finance
Medieval England tracked national debt using notched wooden sticks split into matching halves
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Finance
The first international banking crisis was triggered by an English king defaulting on loans
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Finance
The Knights Templar invented the modern traveler's check to protect pilgrims from bandits
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Finance
A 17th-century Mughal emperor mandated that all large transactions be paid in uncut diamonds
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Finance
Modern banking began when London goldsmiths started lending out more gold than they held
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Finance
Human brains consistently value certainty far more than the mathematical probability of a win
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Finance
The psychological pain of losing money is twice as powerful as the joy of gaining it
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Finance
People treat found money and earned salary as different currencies with different spending rules
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Finance
A single mathematical formula enabled the explosion of the trillion-dollar global options market
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Finance
Financial models based on normal distributions often fail to account for rare catastrophic events
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Finance
The first quantitative hedge fund was founded by a mathematician who mastered card counting
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Finance
The Code of Hammurabi established the first laws protecting bank depositors from theft
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Finance
Barcelona established the first public bank to facilitate trade without charging prohibited interest
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