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Math

The Perils of Simplifying Risk To a Single Number 286

A few weeks back we discussed the perspective that the economic meltdown could be viewed as a global computer crash. In the NYTimes magazine, Joe Nocera writes in much more depth about one aspect of the over-reliance on computer models in the ongoing unpleasantness: the use of a single number to assess risk. Reader theodp writes: "Relying on Value at Risk (VaR) and other mathematical models to manage risk was a no-brainer for the Wall Street crowd, at least until it became obvious that the risks taken by the largest banks and investment firms were so excessive and foolhardy that they threatened to bring down the financial system itself. Nocera explores the age-old debate between those who assert that the best decisions are based on quantification and numbers, and those who base their decisions on more subjective degrees of belief about the uncertain future. Reliance on models created a 'false sense of security among senior managers and watchdogs,' argues Nassim Nicholas Taleb, who likens VaR to 'an air bag that works all the time, except when you have a car accident.'"
Biotech

Ask Aubrey de Grey About Longevity Research 639

There may be such a thing as a conventional scientist -- but Aubrey de Grey is not one. Instead, biogerontologist de Grey has spent much of the last 20 years investigating the science of aging by considering the aging process as a multifaceted disease whose manifestations can be mitigated, rather than an inevitability to merely accept. That might not be unusual in itself, but de Grey believes that by addressing the causes and symptoms of aging, human life can be extended to at least 1000 years — a stance has earned him accolades and contempt in various degrees. (He might not especially mind being called names like "rogue" and "maverick," though.) De Grey is also chairman and chief science officer of The Methuselah Foundation, whose M-Prize for extending the lifespan of mice has been mentioned on Slashdot before. Ask de Grey about his research below; he'll answer the top-rated questions, and we'll publish them in this space. The usual Slashdot interview rules apply — so ask all the questions you'd like, but please confine yourself to one per post.

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