Probability and the stochastic processes theory, joint to the mathematical modeling and the respective computational support are clearly important work tools to tackle complex systems, which has been ...

The beauty of Statistics is that if you can take a large enough group of people, you can predict really well what the outcome will be overall Our research works across the fields of probability, ...

Ruin probability quantifies the risk that an insurer or financial institution’s liabilities may exceed its assets, ultimately leading to insolvency. Recent advancements in risk management have ...

This repository contains code, notes, and practical exercises for the Strathmore University course, STA 8405: Probability and Stochastic Processes. The course introduces stochastic modeling, ...

ABSTRACT: Since the position of the electron in a hydrogen atom cannot be determined, the region in which it resides is said to be determined stochastically and forms an electron cloud. The ...

We will discuss stochastic processes, Le Jan-Sznitman cascades, that can be associated with certain nonlinear PDE and how explosion of these cascades can be exploited to prove non-uniques for the ...