When ancient Greece fell into decline, mathematical progress stagnated as Europe entered the Dark Ages, but in the East mathematics reached new heights. In the second episode, Du Sautoy explores how maths helped build imperial China and discovers how the symbol for the number zero was invented in India. He also looks at the Middle Eastern invention of algebra and how mathematicians such as Fibonacci spread Eastern knowledge to the West.
Super quick computers and advanced mathematical formulas have taken over trading on the financial markets from human beings -algorithms- which seem to have a life of their own. The only ones who understand the system in any way are its architects, the algorithm developers. Haim Bodek is one such algo-developer. After finding some strange wrongdoings he set out on a personal crusade against this elusive system". The machinery behind our financial markets, consisting of mathematical models, data centers and miles and miles of fiber optic cables, is disguised by technological complexity and secrecy. The builders of this financial system are a new breed of Wall Street employees -quants- mathematicians and physicists who are responsible for a technological revolution. Haim Bodek is a quant; he specialized in artificial intelligence and worked for Goldman Sachs. He knows the system from the inside, he helped build it. Haim Bodek was invited to tell his story at the "Battle of the Quants" - a recurring event where quants discuss high-frequency trading, amongst other things. Bodek wrote an algorithm for trading machines that would generate guaranteed income - a money machine that weathered the financial meltdown of 2008. But then from one day to the next the algorithm stopped working.
The Pythagorian philosopher Plato hinted enigmatically that there was a golden key that unified all of the mysteries of the universe. It is this golden key that we will return to time and again throughout our exploration. The golden key is the intelligence of the logos, the source of the primordial om. One could say that it is the mind of God. With our limited senses we are observing only the outer manifestation of the hidden mechanics of self similarity. The source of this divine symmetry is the
greatest mystery of our existence.
In Los Angeles, a remarkable experiment is underway; the police are trying to predict crime, before it even happens. At the heart of the city of London, one trader believes that he has found the secret of making billions with math. In South Africa, astronomers are attempting to catalogue the entire cosmos. These very different worlds are united by one thing - an extraordinary explosion in data. Meet the people at the forefront of the data revolution, and reveals the possibilities and the promise of the age of big data.
Predictions underlie nearly every aspect of our lives, from sports, politics, and medical decisions to the morning commute. With the explosion of digital technology, the internet, and 'big data,' the science of forecasting is flourishing. But why do some predictions succeed spectacularly while others fail abysmally? And how can we find meaningful patterns amidst chaos and uncertainty? From the glitz of casinos and TV game shows to the life-and-death stakes of storm forecasts and the flaws of opinion polls that can swing an election, 'Prediction by the Numbers' explores stories of statistics in action. Yet advances in machine learning and big data models that increasingly rule our lives are also posing big, disturbing questions. How much should we trust predictions made by algorithms when we don't understand how they arrive at them? And how far ahead can we really forecast?
