This course is available on the MSc in Quantitative Methods for Risk Management. This course is available with permission as an outside option to students on other programmes where regulations permit.

Randomness is inherent to real world problems so faculty research in this area includes the development and application of probabilistic tools to model, predict, and analyze randomness in applications ...

The first commercial gambling operations emerged, coincidentally or not, at the same time as the study of mathematical probability in the mid-1600s. By the early 1700s, commercial gambling operations ...

Kolmogorov’s model for probability theory [10], in which the basic concept is that of a probability measure P on a Borel field B of subsets of a space Ω, is by now almost universally considered by ...