Much research involving probability is done under the auspices of applied probability, the application of probability theory to other scientific and engineering domains. However, while such research is motivated (to some degree) by applied problems, it is usually the mathematical aspects of the problems that are of most interest to researchers (as is typical of applied mathematics in general).
Applied probabilists are particularly concerned with the application of stochastic processes, and probability more generally, to the natural, applied and social sciences, including biology, physics (including astronomy), chemistry, computer science and information technology, and economics.
- Areas of application:
- Ruin theory
- Statistical physics
- Stoichiometry and modelling chemical reactions
- Ecology, particularly population modelling
- Evolutionary biology
- Optimization in computer science
- Options pricing in economics
- Ewens's sampling formula in population genetics
- Operations research
- Gaming mathematics
- Stochastic processes:
- Additional information and resources
- INFORMS Institute for Operations Research and the Management Sciences