The 3-day series of lectures Stochastic Processes has come to its finish today.
In the lectures professor Abe reviewed briefly the history on stochastic problems from the view of physicists, dating back from late 19th century when Brownian motion was first proposed, followed by the Annus Mirabilis when A. Einstein depicted analytically with mathematical and mechanical models of the Browian motion, to later precedings where people approach stochastic processes systematically via Langevin and Fokker-Planck equations. And in recent decades further advance were made, e.g. by Ito on stochastic differential equations and etc. Also an interesting application in econophysics considering the portfolio management governed by stochastic differential equations were introduced to the audience.