The Stochastic Processes Group in the Department works in the area of probability theory - a branch of mathematics providing means for modeling uncertainty. The latter is a characteristic feature of the behaviour of most complex systems - e.g. living organisms, large populations of individuals of some kind (molecules, cells, stars or even students), financial markets, systems of seismic faults etc. ...more
Date Created: 01 June 2004
Last Modified:
01 Jun 2009
Authorised By: Department of Mathematics and Statistics
Maintainer: Jim Tran
Email: webmaster@ms.unimelb.edu.au