Polynomials to the Rescue in the Strange Case of Busted Bets Plus One

Some days, when things seem quiet on the economic front, and even occasionally when they don’t, minds can wander to less weighty matters and become momentarily lost in daydreams of yesteryear; a heady retreat, for instance, back to high school math class one barmy afternoon, sunshine streaming through the windows facing on to Main Quad, with the keener students engrossed in an exploration of the wonders of polynomials; back to a delirious springtime trance interrupted, rudely, by one of the less enthralled students, who wondered aloud, “Yeah, but what good are they in the real world?”

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