Modelling with stochastic differential equations

Project: Research

Project Description

Differential equations are used in modelling in science, economics, and many other fields, and often provide the very basis for our understanding. By their very nature they are formulated in terms of rates of change. These rates are affected by many factors, some of them random. We study differential equations with random rates and apply them to classical and new models for collective behaviour of humans and animals, such as economy, investors and ant colonies. This research will advance mathematics and statistics and will provide scientists with new techniques for analysis of experiments in complex models.
StatusFinished
Effective start/end date1/06/0830/06/11

Funding

  • Australian Research Council (ARC): AUD235,000.00
  • Australian Research Council (ARC)
  • Australian Research Council (ARC)
  • Monash University