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stochastic calculus

   Also found in: Wikipedia 0.01 sec.
stochastic calculus [stō′kas·tik ′kal·kyə·ləs]
(mathematics)
The mathematical theory of stochastic integrals and differentials, and its application to the study of stochastic processes.


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But these are the benefits of high finance as they apply to the ideal world of economists Aa u Aa that is, a world of rational utilitarian actors who are skilled calculators of expected utility under uncertainty, who are masters of dynamic programming, and who breathe stochastic calculus in their daily life.
110 QA274 Paul Malliavin developed the stochastic calculus of variations that bears his name in 1976 primarily to establish the regularity of the probability distribution of functionals of an underlying Gaussian process.
But these are the benefits of high finance as they apply to the ideal world of economists -- that is, a world of rational utilitarian actors who are skilled calculators of expected utility under uncertainty, who are masters of dynamic programming, and who breathe stochastic calculus in their daily life.
 
 
 
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