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The Five Percent Solution

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Author:Keith Devlin (Devlin's Angle)
Description: "Mathematical disciplines such as statistics, optimization theory, probability theory, queuing theory, control theory, game theory, and operations research are all used routinely in making difficult choices in public policy, health, business, manufacturing, finance, law, and various other human endeavors. Mathematics can play a significant role in arriving at decisions in all walks of life-making policy decisions connected with global warming, deciding on the most economic way to generate electric power, making a profit in financial markets, approving new drugs, weighing legal evidence, flying aircraft safely, managing complex construction projects, choosing new business strategies, and so forth. But the role played by mathematics in such domains is rarely that of 'providing the solution'. Far more commonly, the mathematics can "influence" or "inform" the decision making process."

Levels: Middle School (6-8), High School (9-12), College
Languages: English
Resource Types: Articles
Math Topics: Game Theory, Business/Industrial, Engineering
Math Ed Topics: Public Understanding of Math

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