Posts tagged Risk analysis
How Significant is Significance Arithmetic?

Central to our mission at computerbasedmath.org is thinking through from first principles what's important and what's not to the application of maths in the real, modern, computer-based world. This is one of the most challenging aspects of our project: it's very hard to shake off the dogma of our own maths education and tell whether something is for now and the future, or if really it's for the history of maths.

This week's issue is significance arithmetic, similar to what you might know from school as significant figures. The idea is when you do a calculation not just a single value but bounds that represent the uncertainty of your calculation too are calculated. You can get an idea of how accurate your answer is or indeed if it has any digits of accuracy at all.

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