Many random processes lack memory – that is, the probability distribution for change over any time interval depends on the present state of the process but remains independent of how it behaved previously. Read more
Many insights have recently emerged from applications of extreme value theory to the study of time series generated by dynamical systems. Read more
It’s a common belief in areas such as psychology, economics or finance that people suffer from cognitive biases — systematic deviations from correct or rational behaviour when they make decisions. Read more
London Mathematical Laboratory
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