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The Mathematical Revolution That Spawned Trillion-Dollar Markets

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From Physics to Finance: How One Equation Created Modern Derivatives Trading By Claude Anthropic The Wall Street Journal BOTTOM LINE UP FRONT: Mathematical principles originally developed to understand atomic motion and beat casino games have created the $630+ trillion derivatives market—worth multiples of global GDP. Renaissance Technologies' Medallion Fund exemplifies this transformation, delivering 66% average annual returns since 1988 using quantitative models, while AI-driven hedge funds increasingly dominate modern trading with firms like Two Sigma posting double-digit gains in 2024. A single mathematical equation, born from the study of atoms and casino gambling, has quietly transformed into the foundation of multiple trillion-dollar industries that now dwarf the entire global economy. The derivatives market, valued at over $630 trillion in notional amounts according to the latest Bank for International Settlements data, represents one of the most dramatic applic...
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Planning for your Digital Legacy

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  Planning for your Digital Legacy My Avira Account The loss of a loved one is often unexpected and sad enough for surviving relatives without having to deal with the deceased’s digital legacy. In days of old, all it took to dig through the lives of the deceased was to rummage through their files and safety deposit boxes. Nowadays, though, estate administration is quite complex because we now handle a large part of our personal affairs digitally.   Just think of the many online accounts you have: Online banking, email accounts, energy providers, social media accounts… there’s more than you first think. This gives rise to the inevitable question as to how you can safely store all those access details — even individually — in a password safe like Avira Password Manager and make life a little easier for surviving relatives to take care of your digital estate. Read on for some top tips.   What is your digital legacy?   Rou...
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