I bet you $300 that we can use Maths to predict the winner of the World Cup
June 7, 2010 § Leave a comment
Before moving to High School Maths teaching I used to work for an Australian Bank. We would create models to predict the likelihood of survival of our staff in a CBD terrorist attack. Sometimes they would be Monte Carlo models to work out how much should be set aside to meet the liability of superannuation life payments using 50 000 years worth of random numbers to give 95% certainty.
Now we see the application of high powered Maths being used for something that people will really pay attention to. In my Maths class tomorrow we’ll be considering the analysis and modelling from this J.P Morgan World Cup 2010 report. It looks at an array of factors to determine who is most likely to win this year’s tournament. I’m just glad that I selected England to win in our sweep. J.P. Morgan – World Cup Research