From the ancients’ first readings of the innards of birds to your neighbor’s last bout with the state lottery, humankind has put itself into the hands of chance. Today life itself may be at stake when probability comes into play—in the chance of a false negative in a medical test, in the reliability of DNA findings as legal evidence, or in the likelihood of passing on a deadly congenital disease—yet as few people as ever understand the odds. This book is aimed at the trouble with trying to learn about probability. A story of the misconceptions and difficulties civilization overcame in progressing toward probabilistic thinking, Randomness is also a skillful account of what makes the science of probability so daunting in our own day.

To acquire a (correct) intuition of chance is not easy to begin with, and moving from an intuitive sense to a formal notion of probability presents further problems. Author Deborah Bennett traces the path this process takes in an individual trying to come to grips with concepts of uncertainty and fairness, and also charts the parallel path by which societies have developed ideas about chance. Why, from ancient to modern times, have people resorted to chance in making decisions? Is a decision made by random choice “fair”? What role has gambling played in our understanding of chance? Why do some individuals and societies refuse to accept randomness at all? If understanding randomness is so important to probabilistic thinking, why do the experts disagree about what it really is? And why are our intuitions about chance almost always dead wrong?

Anyone who has puzzled over a probability conundrum is struck by the paradoxes and counterintuitive results that occur at a relatively simple level. Why this should be, and how it has been the case through the ages, for bumblers and brilliant mathematicians alike, is the entertaining and enlightening lesson of Randomness.

A forgotten episode of mathematical resistance reveals the rise of modern mathematics and its cornerstone, mathematical purity, as political phenomena.
 
The nineteenth century opened with a major shift in European mathematics, and in the Kingdom of Naples, this occurred earlier than elsewhere. Between 1790 and 1830 its leading scientific institutions rejected as untrustworthy the “very modern mathematics” of French analysis and in its place consolidated, legitimated, and put to work a different mathematical culture. The Neapolitan mathematical resistance was a complete reorientation of mathematical practice. Over the unrestricted manipulation and application of algebraic algorithms, Neapolitan mathematicians called for a return to Greek-style geometry and the preeminence of pure mathematics.
 
For all their apparent backwardness, Massimo Mazzotti explains, they were arguing for what would become crucial features of modern mathematics: its voluntary restriction through a new kind of rigor and discipline, and the complete disconnection of mathematical truth from the empirical world—in other words, its purity. The Neapolitans, Mazzotti argues, were reacting to the widespread use of mathematical analysis in social and political arguments: theirs was a reactionary mathematics that aimed to technically refute the revolutionary mathematics of the Jacobins. During the Restoration, the expert groups in the service of the modern administrative state reaffirmed the role of pure mathematics as the foundation of a newly rigorous mathematics, which was now conceived as a neutral tool for modernization. What Mazzotti’s penetrating history shows us in vivid detail is that producing mathematical knowledge was equally about producing certain forms of social, political, and economic order.
 

Serious and accessible—finally the special relativity course book that both physics majors and lifelong learners deserve.
 
Special relativity challenges one’s physical intuition of space, time, matter, and energy in a way that few other topics in physics do. Yet the subject is often treated as an extra in undergraduate courses—something to be picked up in a few random lectures and presented as a combination of geometric and logical puzzles (seemingly with the premise of getting the novice student to concede that Einstein was a genius and that the universe is weird). But special relativity is absolutely fundamental to modern physics. It is the canvas on which electromagnetism, particle physics, field theory, and ultimately general relativity are based. For physics students, developing a relativistic intuition isn’t just a luxury: it’s a requirement.
 
Physicist and popular author Dave Goldberg provides a rigorous but conversational introduction to fill this void in spacetime education. Employing the standard calculus a sophomore or junior university student in science, engineering, or computer science will have encountered, Goldberg connects relativity to a student’s work ahead, acquainting them with topics like tensors, the development of new physical theories, and how relativity directly relates to other disciplines. But more than this, Goldberg welcomes lifelong learners who may have encountered special relativity in popular accounts, but are seeking a mathematical challenge to understand an elegant physical theory.

Risk Quantification and Allocation Methods for Practitioners offers a practical approach to risk management in the financial industry. This in-depth study provides quantitative tools to better describe qualitative issues, as well as clear explanations of how to transform recent theoretical developments into computational practice, and key tools for dealing with the issues of risk measurement and capital allocation.