Population genetics, epidemics, competition, and predation are just some of the biological topics to which stochastic models can be applied. The National Institute for Mathematical and Biological ...

Affine processes provide a versatile framework for modelling complex financial phenomena, ranging from interest rate dynamics to credit risk and beyond. Their defining characteristic is the affine, or ...

This is a preview. Log in through your library . Abstract Random walks are a fundamental model in applied mathematics and are a common example of a Markov chain. The limiting stationary distribution ...

Any process which may be described in terms of probabilities. In such a process, although the details of individual events are unpredictable, the overall character or behaviour of the system will be.

This is a preview. Log in through your library . Abstract In this paper we discuss a counter system whose output is a stochastic point process such that the time intervals between pairs of successive ...