Wk Date Topic Reading Due Discussion Questions
1 20 Jan Random Walks Lecture 1
Optional: Roberts, 'Probability', and, for a brief mathematical discussion, Feynman, 'The Random Walk'
DQ-1
2 27 Jan Atomic Reasoning Lecture 2
Further Reading on Models: van Fraassen (1980) The Scientific Image Section 3 only; Ladyman and French (1999) 'Reinflating the Semantic Approach'; Frigg (2010) 'Models and Fiction'; Frigg and Hartmann, Models in Science (SEP). Further reading on atoms: and Feynman, 'Matter is made of atoms'
DQ-2
3 3 Feb Quantum Jumps Lecture 3.1 and 3.2
Optional: Norton, 'Atoms and the Quantum', Norton, 'Einstein's Miraculous Argument of 1905: The Thermodynamic Grounding of Light Quanta'
DQ-3
4 10 Feb Wave-Particle Duality Lecture 4.1 and 4.2
Further Reading: Roberts, 'Causation'; Norton (2003) 'Causation as Folk Science'; Salmon (1980) 'Probabilistic Causation'. See also the Quantum double slit animation.
DQ-4
5 17 Feb Entanglement Lecture 5.1 and 5.2
Further Reading: The Einstein-Podolsky-Rosen Argument and the Bell Inequalities (Szabó 2018); and One page argument against locality.
DQ-5
6 24 Feb Reading Week
(No Lecture)
   
7 2 Mar Physics in Finance Lecture 6
Optional: Friedman "The Methodology of Positive Economics", MacKenzie "An Engine Not a Camera, Chapter 1", Beisbart "Probabilistic Modeling in Physics", John Hull, Options, Futures and Other Derivative Securities (Chapter 1)
DQ-6
Formative Essay Due: Mon, 2 Mar by 3pm
8 9 Mar Stock Pricing Lecture 7
Optional: Osborne, "Brownian motion in the Stock Market", MacKenzie, "Theory and Practice", Johnstone, "The CAPM Debate and the Logic and Philosophy of Finance", Malkiel, "Technical and Fundamental Analysis", Malkiel, "Potshots at the Efficient-Market Theory and Why They Miss", Hausman, "Inexactness, ceteris paribus clauses, and 'unrealistic assumptions'"
DQ-7
9 16 Mar Black-Scholes Pricing Lecture 8
Optional: MacKenzie, "Is economics performative? Option theory and the construction of derivatives markets", Mäki, "Performativity: Saving Austin From MacKenzie", Malkiel, "What determines prices in the futures and options markets?"
DQ-8
10 23 Mar Fractals Lecture 9
Optional: Hausman, Why look under the hood? (Chapter 9 of The Philosophy of Economics), MacKenzie, "Arbitrage", Mandelbrot, "The variation of certain speculative prices" and Lowenstein, When Genius Failed: The Rise and Fall of Long Term Capital Management
DQ-9
11 30 Mar Stock market crashes Lecture 10
Optional: Sornette, "Financial Crashes: What, How, Why and When?", John Roberts, "There are no laws in the social sciences", and BWR, laws of nature and laws of the social sciences
DQ-10
1st Summative Essay: Due Mon, 30 Mar by 3pm
ST 20 Apr No Lecture or Class   2nd Summative Essay: Due Mon, 20 Apr by 3pm