Whether it’s physical phenomena, share prices or climate models—many dynamic processes in our world can be described mathematically with the aid of partial differential equations. Thanks to stochastics—an area of mathematics which deals with probabilities—this is even possible when randomness plays a role in these processes. Whether it’s physical phenomena, share prices or climate models—many dynamic processes in our world can be described mathematically with the aid of partial differential equations. Thanks to stochastics—an area of mathematics which deals with probabilities—this is even possible when randomness plays a role in these processes. Mathematics Phys.org – latest science and technology news stories