Lecture 5; Math 636



Sneezing on samples happens

                                    You can model the effect of sneezes a la Dan PickÕs comment regarding normality of residuals or better yet using bootstrap.

Credibility of a model


Mathematizing a number into a situation

Black-Scholes theory – turns out it is price

Species; scales (chunking) in a problem



BuckinghamÕs Theorem

                        implicit function theorem

                        oscillators                 http://en.wikipedia.org/wiki/Harmonic_oscillator

                        fluids  (Reynolds number, Prandtl number,É)

                        redefining units to eliminate parameters (heat, c, hbar, Lotka-Volterra)


Friday classes

One problem punt option (encouraged).