Insurance premiums and $50K SUVs blind Americans to the illnesses and accidents that never happen.

Stochastic processes provide a rigorous framework for modelling systems that evolve over time under uncertainty, while extremal theory offers the tools for understanding the behaviour of rare, ...

Editor's note: As the following article is a chapter (Chapter 8) from David Koenig's book, Practical Control Engineering: Guide for Engineers, Managers, and Practitioners (MATLAB Examples) (McGraw ...

Our research focus here employs probabilistic and analytic methods to explore complex random systems. At its core, the methods developed and utilized include a wide array of tools from stochastic ...

Stochastic processes are at the center of probability theory, both from a theoretical and an applied viewpoint. Stochastic processes have applications in many disciplines such as physics, computer ...