Mathematical And Quantitative Methods (economics)
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Mathematical And Quantitative Methods (economics)
Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics with the major subdisciplines of number theory, algebra, geometry, and analysis, respectively. There is no general consensus among mathematicians about a common definition for their academic discipline. Most mathematical activity involves the discovery of properties of abstract objects and the use of pure reason to prove them. These objects consist of either abstractions from nature orin modern mathematicsentities that are stipulated to have certain properties, called axioms. A ''proof'' consists of a succession of applications of deductive rules to already established results. These results include previously proved theorems, axioms, andin case of abstraction from naturesome basic properties that are considered true starting poi ...
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Number Theory
Number theory (or arithmetic or higher arithmetic in older usage) is a branch of pure mathematics devoted primarily to the study of the integers and integer-valued functions. German mathematician Carl Friedrich Gauss (1777–1855) said, "Mathematics is the queen of the sciences—and number theory is the queen of mathematics."German original: "Die Mathematik ist die Königin der Wissenschaften, und die Arithmetik ist die Königin der Mathematik." Number theorists study prime numbers as well as the properties of mathematical objects made out of integers (for example, rational numbers) or defined as generalizations of the integers (for example, algebraic integers). Integers can be considered either in themselves or as solutions to equations ( Diophantine geometry). Questions in number theory are often best understood through the study of analytical objects (for example, the Riemann zeta function) that encode properties of the integers, primes or other number-theoretic object ...
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Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitabili ...
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Euclid's Elements
The ''Elements'' ( grc, Στοιχεῖα ''Stoikheîa'') is a mathematical treatise consisting of 13 books attributed to the ancient Greek mathematician Euclid in Alexandria, Ptolemaic Egypt 300 BC. It is a collection of definitions, postulates, propositions ( theorems and constructions), and mathematical proofs of the propositions. The books cover plane and solid Euclidean geometry, elementary number theory, and incommensurable lines. ''Elements'' is the oldest extant large-scale deductive treatment of mathematics. It has proven instrumental in the development of logic and modern science, and its logical rigor was not surpassed until the 19th century. Euclid's ''Elements'' has been referred to as the most successful and influential textbook ever written. It was one of the very earliest mathematical works to be printed after the invention of the printing press and has been estimated to be second only to the Bible in the number of editions published since the first pri ...
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Greek Mathematics
Greek mathematics refers to mathematics texts and ideas stemming from the Archaic through the Hellenistic and Roman periods, mostly extant from the 7th century BC to the 4th century AD, around the shores of the Eastern Mediterranean. Greek mathematicians lived in cities spread over the entire Eastern Mediterranean from Italy to North Africa but were united by Greek culture and the Greek language. The word "mathematics" itself derives from the grc, , máthēma , meaning "subject of instruction". The study of mathematics for its own sake and the use of generalized mathematical theories and proofs is an important difference between Greek mathematics and those of preceding civilizations. Origins of Greek mathematics The origin of Greek mathematics is not well documented. The earliest advanced civilizations in Greece and in Europe were the Minoan and later Mycenaean civilizations, both of which flourished during the 2nd millennium BCE. While these civilizations possessed writin ...
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Mathematical Rigour
Rigour (British English) or rigor (American English; see spelling differences) describes a condition of stiffness or strictness. These constraints may be environmentally imposed, such as "the rigours of famine"; logically imposed, such as mathematical proofs which must maintain consistent answers; or socially imposed, such as the process of defining ethics and law. Etymology "Rigour" comes to English through old French (13th c., Modern French '' rigueur'') meaning "stiffness", which itself is based on the Latin ''rigorem'' (nominative ''rigor'') "numbness, stiffness, hardness, firmness; roughness, rudeness", from the verb ''rigere'' "to be stiff". The noun was frequently used to describe a condition of strictness or stiffness, which arises from a situation or constraint either chosen or experienced passively. For example, the title of the book ''Theologia Moralis Inter Rigorem et Laxitatem Medi'' roughly translates as "mediating theological morality between rigour and l ...
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Computer Network
A computer network is a set of computers sharing resources located on or provided by network nodes. The computers use common communication protocols over digital interconnections to communicate with each other. These interconnections are made up of telecommunication network technologies, based on physically wired, optical, and wireless radio-frequency methods that may be arranged in a variety of network topologies. The nodes of a computer network can include personal computers, servers, networking hardware, or other specialised or general-purpose hosts. They are identified by network addresses, and may have hostnames. Hostnames serve as memorable labels for the nodes, rarely changed after initial assignment. Network addresses serve for locating and identifying the nodes by communication protocols such as the Internet Protocol. Computer networks may be classified by many criteria, including the transmission medium used to carry signals, bandwidth, communications ...
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RSA Cryptosystem
RSA (Rivest–Shamir–Adleman) is a public-key cryptosystem that is widely used for secure data transmission. It is also one of the oldest. The acronym "RSA" comes from the surnames of Ron Rivest, Adi Shamir and Leonard Adleman, who publicly described the algorithm in 1977. An equivalent system was developed secretly in 1973 at Government Communications Headquarters (GCHQ) (the British signals intelligence agency) by the English mathematician Clifford Cocks. That system was declassified in 1997. In a public-key cryptosystem, the encryption key is public and distinct from the decryption key, which is kept secret (private). An RSA user creates and publishes a public key based on two large prime numbers, along with an auxiliary value. The prime numbers are kept secret. Messages can be encrypted by anyone, via the public key, but can only be decoded by someone who knows the prime numbers. The security of RSA relies on the practical difficulty of factoring the produ ...
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Euclid
Euclid (; grc-gre, Εὐκλείδης; BC) was an ancient Greek mathematician active as a geometer and logician. Considered the "father of geometry", he is chiefly known for the ''Elements'' treatise, which established the foundations of geometry that largely dominated the field until the early 19th century. His system, now referred to as Euclidean geometry, involved new innovations in combination with a synthesis of theories from earlier Greek mathematicians, including Eudoxus of Cnidus, Hippocrates of Chios, Thales and Theaetetus. With Archimedes and Apollonius of Perga, Euclid is generally considered among the greatest mathematicians of antiquity, and one of the most influential in the history of mathematics. Very little is known of Euclid's life, and most information comes from the philosophers Proclus and Pappus of Alexandria many centuries later. Until the early Renaissance he was often mistaken for the earlier philosopher Euclid of Megara, causing his biograph ...
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Integer Factorization
In number theory, integer factorization is the decomposition of a composite number into a product of smaller integers. If these factors are further restricted to prime numbers, the process is called prime factorization. When the numbers are sufficiently large, no efficient non-quantum integer factorization algorithm is known. However, it has not been proven that such an algorithm does not exist. The presumed difficulty of this problem is important for the algorithms used in cryptography such as RSA public-key encryption and the RSA digital signature. Many areas of mathematics and computer science have been brought to bear on the problem, including elliptic curves, algebraic number theory, and quantum computing. In 2019, Fabrice Boudot, Pierrick Gaudry, Aurore Guillevic, Nadia Heninger, Emmanuel Thomé and Paul Zimmermann factored a 240-digit (795-bit) number ( RSA-240) utilizing approximately 900 core-years of computing power. The researchers estimated that a 1024- ...
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Pure Mathematics
Pure mathematics is the study of mathematical concepts independently of any application outside mathematics. These concepts may originate in real-world concerns, and the results obtained may later turn out to be useful for practical applications, but pure mathematicians are not primarily motivated by such applications. Instead, the appeal is attributed to the intellectual challenge and aesthetic beauty of working out the logical consequences of basic principles. While pure mathematics has existed as an activity since at least Ancient Greece, the concept was elaborated upon around the year 1900, after the introduction of theories with counter-intuitive properties (such as non-Euclidean geometries and Cantor's theory of infinite sets), and the discovery of apparent paradoxes (such as continuous functions that are nowhere differentiable, and Russell's paradox). This introduced the need to renew the concept of mathematical rigor and rewrite all mathematics accordingly, with a s ...
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Applied Mathematics
Applied mathematics is the application of mathematical methods by different fields such as physics, engineering, medicine, biology, finance, business, computer science, and industry. Thus, applied mathematics is a combination of mathematical science and specialized knowledge. The term "applied mathematics" also describes the professional specialty in which mathematicians work on practical problems by formulating and studying mathematical models. In the past, practical applications have motivated the development of mathematical theories, which then became the subject of study in pure mathematics where abstract concepts are studied for their own sake. The activity of applied mathematics is thus intimately connected with research in pure mathematics. History Historically, applied mathematics consisted principally of applied analysis, most notably differential equations; approximation theory (broadly construed, to include representations, asymptotic methods, variation ...
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Game Theory
Game theory is the study of mathematical models of strategic interactions among rational agents. Myerson, Roger B. (1991). ''Game Theory: Analysis of Conflict,'' Harvard University Press, p.&nbs1 Chapter-preview links, ppvii–xi It has applications in all fields of social science, as well as in logic, systems science and computer science. Originally, it addressed two-person zero-sum games, in which each participant's gains or losses are exactly balanced by those of other participants. In the 21st century, game theory applies to a wide range of behavioral relations; it is now an umbrella term for the science of logical decision making in humans, animals, as well as computers. Modern game theory began with the idea of mixed-strategy equilibria in two-person zero-sum game and its proof by John von Neumann. Von Neumann's original proof used the Brouwer fixed-point theorem on continuous mappings into compact convex sets, which became a standard method in game theory and m ...
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