Advances in Stochastic Inequalities and their Applications (09w5004)


(McGill University)

(ICREA & Pompeu Fabra University)

David M. Mason (University of Delaware)


The Banff International Research Station will host the "Advances in Stochastic Inequalities and their Applications" workshop next week, June 7 - June 12, 2009.

The need for stochastic inequalities arises whenever one cannot compute a probability exactly. This especially occurs when one models complex phenomenon such as stock market and weather fluctuations as random processes or one makes decisions in the face of uncertainty. Stochastic inequalities provide bounds on the likelihood that certain events of interest will occur, for instance, the odds that a stock will reach a certain price by a particular date or that it will rain on a given day.

The Banff International Research Station for Mathematical Innovation and Discovery (BIRS) is a collaborative Canada-US-Mexico venture that provides an environment for creative interaction as well as the exchange of ideas, knowledge, and methods within the Mathematical Sciences, with related disciplines and with industry. The research station is located at The Banff Centre in Alberta and is supported by Canada's Natural Science and Engineering Research Council (NSERC), the US National Science Foundation (NSF), Alberta's Advanced Education and Technology, and Mexico's Consejo Nacional de Ciencia y Tecnologí­a (CONACYT).