Browsing 2024 by Snapshot Mathematical Subject "Probability Theory and Statistics"
Now showing items 1-2 of 2
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Randomness is Natural - an Introduction to Regularisation by Noise
[SNAP-2024-002-EN] (Mathematisches Forschungsinstitut Oberwolfach, 2024-05-22)Differential equations make predictions on the future state of a system given the present. In order to get a sensible prediction, sometimes it is necessary to include randomness in differential equations, taking microscopic ... -
Uncertainty as an Ingredient in Financial Modeling
[SNAP-2024-004-EN] (Mathematisches Forschungsinstitut Oberwolfach, 2024-12-17)Uncertainty - as opposed to risk - is used to describe events to which we are not able to assign a probability due to lack of information. Instead of assigning a probability to an uncertain event, we only assume that such ...