Monday, January 14, 2013, 7:30 – 9:00pm

James Owen Weatherall: The Physics of Wall Street (or: Predicting the Unpredictable)

Downstairs at Town Hall; enter on Seneca Street. $5.

Media Library, Science

Listen Here: 

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

After the 2008 economic meltdown, pundits blamed “complex financial instruments” like derivatives—and the physicists and mathematicians who dreamed them up. But James Owen Weatherall, author of The Physics of Wall Street, questioned this narrative: While physicists did bring science to bear on some of the thorniest problems in economics, models—whether in science or finance—have limitations and break down under certain conditions. In 2008, he says, sophisticated models fell into the hands of people who didn’t understand their purpose, and didn’t care—it was a catastrophic misuse of science, Weatherall argues, but the solution is not to give up on models; it’s to make them better. Presented by Town Hall and University Book Store as part of The Seattle Science Lectures, sponsored by Microsoft. Series media sponsorship provided by KPLU.
LEARN MORE:
http://bit.ly/THJOWeatherall

This entry was posted in Media Library, Science and tagged , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. Melio Sáenz
    Posted January 11, 2013 at 7:23 pm | Permalink

    Your proposition is valid in all fields: if a model is used by people who didn’t understand its purpose and didn’t know its capabilities, then the results could be highly risked…

2 Trackbacks

  1. By Catch Dan Pink at Town Hall January 9th on January 3, 2013 at 11:21 am

    [...] Jan. 14, James Weatherall discusses The Physics of Wall Street (or: Predicting the Unpredictable). Apparently he also likes cats. Tickets. [...]

  2. [...] Website [...]

Post a Comment

Your email is never published nor shared. Required fields are marked *

Connect with Facebook

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  • member button-02

  • Other Media Library, Science Events

    UW Science Now
    Shelley Chestler: Slow Earthquakes
    Michelle Weirathmueller: Quakes and Whales

    Thursday, April 24, 2014, 6:00 – 7:00pm

    Downstairs at Town Hall; enter on Seneca Street. $5. Double Feature!

    Gavin Hayes
    Mitigating Disasters
    Earthquake Response in the 21st Century

    Thursday, April 24, 2014, 7:30 – 8:45pm

    Downstairs at Town Hall; enter on Seneca Street. $5.

    Judith Orloff
    Learning to Surrender

    Friday, April 25, 2014, 7:30 – 8:45pm

    Downstairs at Town Hall; Enter on Seneca Street. $5.

  • email-tile

  • Calendar

  • Town Hall News

    • Staff Spotlight: Mary Cutler, General Manager

      When asked about her position as Town Hall’s General Manager, Mary Cutler says modestly, “I keep things on track.”

    • A Successful Talk of the Town!

      Many thanks to everyone who came out on March 6 to support Town Hall at our 10th annual fundraising gala, Talk of the Town! We raised more than $115,000 to support the arts, education, humanities and civic programs we present all year long.

    • Partner Profile: Seattle Arts & Lectures

      This season, it has been an honor to host Seattle Arts & Lectures, which presented its entire 2013-14 Literary Arts series in the Great Hall for the first time.

    • Town Music in Schools

      Since the Town Music in Schools program began, more than 1,100 K-12 students have had the chance to get up close and personal with some of the world’s most talented classical musicians.