Stats4Grads: Random walking on mysterious light beams across night sky: An interesting half strip model with applications
6 May 2015 13:00 in CM105
Many random processes arising in applications exhibit a range of possible behaviours depending upon the values of certain key factors. Investigating critical behaviour for such systems leads to interesting and challenging mathematics. Much progress has been made over the years, using various techniques. The most subtle case is when the system is near a critical point. This presentation will give a brief introduction to a near-critical random walk model, demonstrating various applications in economics, physics and logistics.
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See the Stats4Grads page for more details about this series.