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Basel problem

The Basel problem is a problem in mathematical analysis with relevance to number theory, concerning an infinite sum of inverse squares. It was first posed by Pietro Mengoli in 1650 and solved by Leonhard Euler in 1734, and read on 5 December 1735 in The Saint Petersburg Academy of Sciences. Since the problem had withstood the attacks of the leading mathematicians of the day, Euler's solution brought him immediate fame when he was twenty-eight. Euler generalised the problem considerably, and his ideas were taken up years later by Bernhard Riemann in his seminal 1859 paper "On the Number of Primes Less Than a Given Magnitude", in which he defined his zeta function and proved its basic properties. The problem is named after Basel, hometown of Euler as well as of the Bernoulli family who unsuccessfully attacked the problem. The Basel problem asks for the precise summation of the reciprocals of the squares of the natural numbers, i.e. the precise sum of the infinite series: The sum of the series is approximately equal to 1.644934. The Basel problem asks for the exact sum of this series (in closed form), as well as a proof that this sum is correct. Euler found the exact sum to be and announced this discovery in 1735. His arguments were based on manipulations that were not justified at the time, although he was later proven correct. He produced a truly rigorous proof in 1741. The solution to this problem can be used to estimate the probability that two large random numbers are coprime. Two random integers in the range from 1 to , in the limit as goes to infinity, are relatively prime with a probability that approaches , the reciprocal of the solution to the Basel problem. (Wikipedia).

Basel problem
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The Basel Problem (5 of 9: Telescoping sum)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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Basel Problem 1 Introduction

Let's tackle the Basel Problem! Join me on a mathematical journey toward the solution of this famous conundrum, first solved by Euler in 1734. If your looking for single-episode treatments of this problem, check out Mathologer, https://youtu.be/yPl64xi_ZZA and/or 3Blue1Brown https://yout

From playlist The Basel Problem

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The Basel Problem (2 of 9: Recurrence relation)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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The Basel Problem (8 of 9: Returning to trigonometric terms)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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The Basel Problem (1 of 9: Prologue)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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The Basel Problem (3 of 9: Integration by *different* parts)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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The Basel Problem (7 of 9: Manipulating the polynomial integral)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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The Basel Problem (6 of 9: Equations → inequalities)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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The Basel Problem (9 of 9: Squeeze law)

This video is one of nine parts. Watch the rest here: https://youtube.com/playlist?list=PL5KkMZvBpo5CHAV85gvW2DrckWx0ARiJE More resources available at www.misterwootube.com

From playlist The Basel Problem

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13. Banks

Financial Markets (2011) (ECON 252) Banks are among our enduring of financial institutions. Their survival in so many different historical periods is testimony to their importance. Professor Shiller traces the origins of interest rates from Sumeria in 2000 BC, to ancient Greece and Rome,

From playlist Financial Markets (2011) with Robert Shiller

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QRM 9-1: Market risk and historical simulation

Welcome to Quantitative Risk Management (QRM). It is time to introduce market risk, and to start considering how we can assess and hedge it according to the Basel regulations. We will see that VaR and ES are the main quantities we will use, but we know that they need a loss distribution t

From playlist Quantitative Risk Management

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Risk Management Lesson 6A: VaR Back-testing, Basel II-III and the Fence Paradox

This is the first part of Lesson 6. Topics: - VaR Back-testing - Introduction to Basel II-III - The Fence Paradox Reading about the Fence Paradox: https://www.dropbox.com/s/5a3vpgl0g880srt/FenceParadox.pdf About the Basel Framework, if you do not have the book by Hull, which we use as a

From playlist Risk Management

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18. Monetary Policy

Financial Markets (2011) (ECON 252) To begin the lecture, Professor Shiller explores the origins of central banking, from the goldsmith bankers in the United Kingdom to the founding of the Bank of England in 1694, which was a private institution that created stability in the U.K. financia

From playlist Financial Markets (2011) with Robert Shiller

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Why is pi here? And why is it squared? A geometric answer to the Basel problem

A most beautiful proof of the Basel problem, using light. Help fund future projects: https://www.patreon.com/3blue1brown An equally valuable form of support is to simply share some of the videos. Special thanks to these supporters: http://3b1b.co/basel-thanks This video was sponsored by Br

From playlist Neat proofs/perspectives

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Cauchy's Proof of the Basel Problem | Pi Squared Over Six (3blue1brown SoME1 Entry)

Cauchy's Proof of the Basel Problem | Pi Squared Over Six (3blue1brown SoME1 Entry) // If you're looking for challenging or tricky math problems, you found the right video. The Basel Problem was one of the most challenging math questions that stumped many great mathematicians, including th

From playlist Summer of Math Exposition Youtube Videos

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Risk Management Lesson 9A: Historical Simulation for Market Risk

In this first part of Lesson 9, we deal with Historical Simulation for Market Risk under the Basel Framework. Topics: - Market Risk: basic definition - Historical Simulation, how does it work? - The Procyclicality of VaR - Example of Historical Simulation Link to the Excel file about His

From playlist Risk Management

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Risk Management Lesson 6B: Intro Credit Risk, The Standardized Approach and the IRBs.

Second part of Lesson 6. Topics: - Credit Risk (CR) as portmanteau risk - Credit Risk in the Basel Framework - The Standardized approach to CR - The Basics of IRBs

From playlist Risk Management

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Solving the Basel Problem ... With a Divergent Series!

The Basel problem asks for the sum of the reciprocals of the square numbers, ζ(2), and was famously solved by Euler. In this video, we will find that a simple argument can be given for the solution of the Basel problem using a mysterious divergent series, which upon some simple operations

From playlist Math

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13. Banking: Successes and Failures

Financial Markets (ECON 252) Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient i

From playlist Financial Markets (2008) with Robert Shiller

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