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Taming uncertainties, profiting from randomness
Published on 19. Oktober 2017
Opening ceremony of the Collaborative Research Centre at Bielefeld University
Uncertainty, chaos, and randomness are ubiquitous in modern societies. In recent decades, probability theory has made major advances in understanding randomness. This has been of great use in biology and physics and has led to new applications in financial markets. Nonetheless, as shown specifically by developments on the financial markets, there are uncertainties that mathematics has yet to grasp exactly, and these can result in great turmoil. Taming this uncertainty, but also gaining a better understanding of randomness in economics, physics, and biology, is the topic of a Collaborative Research Centre that was approved by the German Research Foundation (DFG) in May this year. On the 25th of October, the CRC will be celebrating its kick off with international guests.[Weiterlesen]
Uncertainty, chaos, and randomness are ubiquitous in modern societies. In recent decades, probability theory has made major advances in understanding randomness. This has been of great use in biology and physics and has led to new applications in financial markets. Nonetheless, as shown specifically by developments on the financial markets, there are uncertainties that mathematics has yet to grasp exactly, and these can result in great turmoil. Taming this uncertainty, but also gaining a better understanding of randomness in economics, physics, and biology, is the topic of a Collaborative Research Centre that was approved by the German Research Foundation (DFG) in May this year. On the 25th of October, the CRC will be celebrating its kick off with international guests.[Weiterlesen]
Posted by JBömer
in General