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Ultimately, physics aims to uncover the laws and equations governing the evolution of one particular system.
For that, one may collect a series of measurements of properties characterizing the state of one particular system. If the system is well-behaved enough, it should be possible to predict its evolution for a reasonable long time. However, if the system is “bad”-behaved, as it is typical of stochastic systems, such task may be more difficult to accomplish.
In this seminar we will describe cases in physics, engineering, finance and biology where such stochastic behavior is observed and discuss in some detail ways to model particular stochastic phenomena.
