Thursday, December 23, 2021

Just Finished Reading The Ten Equations That Rule the World by David Sumpter


David Sumpter is a professor of mathematics at a Sweden's Uppsala University, born and raised in Great Britain. His The Ten Equations That Rule the World, from 2020, is about the secret society of TEN, a loose group over the course of modern history comprised of mathematicians and those who have capitalized on ten fundamental formulas that describe aspects of our world and social organization. Sumpter goes chapter by chapter in laying out each equation, its history, and applications while inevitably slipping into rather technical mathematics. Still, he always returns to straightforward nontechnical prose illustrating principles that even those not inclined toward mathematics can understand and use to analyze the world around themselves and draw some benefit. If you're not well-versed in mathematics...and I certainly fit the bill here...you may feel a little lost in some parts of this book. But I'm confident that you'll come away from the reading experience with a greater respect for how things work and how to assess one's situation in diverse settings more reasonably and accurately. I wrote out the ten equations in the above picture...below are their corresponding names... 

1 JUDGMENT EQUATION (Baye's Rule)
2 BETTING EQUATION (Logistic Regression)
3 CONFIDENCE EQUATION (Confidence Intervals)
4 SKILL EQUATION (Markov Assumption)
5 INFLUENCER EQUATION (Stationary Distribution)
6 MARKET EQUATION (Stochastic Differential Equations)
7 ADVERTISING EQUATION (Correlations)
8 REWARD EQUATION
9 LEARNING EQUATION
10 UNIVERSAL EQUATION

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