Condensed Matter Theory   Universität Basel
Dr. Jörg Lehmann

Lecture (HS 2017): Random processes: Theory and applications from physics to finance

Random phenomena are of paramount importance in all areas of science. In the theory of random or stochastic processes, the random evolution of time-dependent quantities is considered. Prominent examples are the Brownian motion of a particle immersed in a liquid, the evolution of a chemical reaction, the motion of charge carriers in an electrical circuit, and the price fluctuations of a security on the stock market.

This lecture starts with a concise introduction to the basic concepts of probability theory and random processes. Markov processes as particularly important class of stochastic processes are discussed and their applications to various fields is presented.

Topics

Time and place

Wednesday, 10:15-12:00h, Department of Physics, room tbd

Uni Basel » Department of Physics » Condensed Matter Theory
last updated on 2008/03/19