Applied probability

Much of the current research involving probability is done under the auspices of applied probability, the application of probability theory to other scientific domains. However, while such research is motivated (to some degree) by applied problems, it is usually the mathematical aspects of the problems that are of most interest to researchers (as is typical of applied mathematics in general).

Applied probabilists are particularly concerned with the application of stochastic processes, and probability more generally, to the natural, applied and social sciences, including biology, physics (including astronomy), chemistry, computer science and information technology, and economics.

Related articles

• Areas of application:
  • Statistical physics.
  • Stoichiometry and modelling chemical reactions.
  • Ecology, particularly population modelling.
  • Evolutionary biology.
  • Optimization in computer science.
  • Telecommunications.
  • Options pricing in economics.

• Stochastic processes:
  • Markov chain.
  • Poisson process.
  • Brownian motion and other diffusion processes.
  • Queueing theory.
  • Renewal theory.

External links

• The Applied Probability Trust .