Law in mathematics and mathematics in law: Probability theory and the fair price in contracts in England and France 1700–1850

From the middle of the eighteenth century, references to mathematicians such as Edmond Halley and Abraham De Moivre begin to appear in judgments in English courts on the law of contract and French mathematicians such as Antoine Deparcieux and Emmanuel-Etienne Duvillard de Durand are mentioned in French treatises on contract law in the first half of the nineteenth century. In books on the then nascent subject of probability at the beginning of the eighteenth century, discussions of legal problems and principally contracts, are especially prominent. Nicolas Bernoulli’s thesis at Basle in 1705 on The Use of the Art of Conjecturing in Law was aptly called a Dissertatio Inauguralis Matematico-Juridica. In England, twenty years later, De Moivre dedicated one of his books on probability to the Lord Chancellor, Lord Macclesfield and expressly referred to its significance for contract law.

The objective of this paper is to highlight this textual interaction between law and mathematics and consider its significance for both disciplines but primarily for law. Probability was an applied science before it became theoretical. Legal problems, particularly those raised by the law of contract, were one of the most frequent applications and as such played an essential role in the development of this subject from its inception. In law, probability was particularly important in contracts. The idea that exchanges must be fair, that what one receives must be the just price for what one gives, has had a significant influence on European contract law since the Middle Ages. Probability theory allowed, for the first time, such an idea to be applied to the sale of interests which began or terminated on the death of certain people. These interests, particularly reversionary interests in land and personal property in English law and rentes viagères in French law were very common in practice at this time. This paper will consider the surprising and very different practical effects of these mathematical texts on English and French contract law especially during their formative period in the late eighteenth and nineteenth centuries.

Artist Antoni Malinowski has been commissioned to produce a major wall painting in the foyer of the new Mathematical Institute in Oxford, the Andrew Wiles Building. To celebrate and introduce that work Antoni and a series of distinguished speakers will demonstrate the different impacts and perceptions of colour produced by the micro-structure of the pigments, from an explanation of the pigments themselves to an examination of how the brain perceives colour.

Speakers:

Jo Volley, Gary Woodley and Malina Busch, the Pigment Timeline Project, Slade School of Fine Art, University College London

‘Pigment Timeline’

Dr. Ruth Siddall - Senior Lecturer in Earth Sciences, University College London

‘Pigments: microstructure and origins?’  

Antoni Malinowski

‘Spectrum Materialised’ 

Prof. Hannah Smithson Associate Professor, Experimental Psychology, University of Oxford and Tutorial Fellow, Pembroke College

‘Colour Perception‘

11.30am, Lecture Theatre 1

Mathematical Institute, University of Oxford

Andrew Wiles Building

Radcliffe Observatory Quarter

No booking required

In this talk, gauged quiver quantum mechanics will be analysed for BPS state counting. Despite the wall-crossing phenomenon of those countings, an invariant quantity of quiver itself, dubbed quiver invariant, will be carefully defined for a certain class of abelian quiver theories. After that, to get a handle on nonabelian theories, I will overview the abelianisation and the mutation methods, and will illustrate some of their interesting features through a couple of simple examples.

It has been conjectured that the fundamental theory of strings and branes has an $E_{11}$ symmetry. I will explain how this conjecture  leads to  a generalised space-time,  which is automatically equipped with its own geometry, as well as equations of motion for the fields that live on this generalised space-time.

 

Expansion, rank gradient and virtual splitting are all concepts of great interest in asymptotic group theory. We discuss a result of Marc Lackenby which demonstrates a surprising relationship between then, and give examples exhibiting different combinations of asymptotic behaviour.

In this talk I will give an overview of the algorithms used by Chebfun to numerically compute polynomial and trigonometric minimax approximations of continuous functions. I'll also present Chebfun's capabilities to compute best approximations on compact subsets of an interval and how these methods can be used to design digital filters.