Question of the Day #18

Here is a very very interesting question involving probability that a student saw in her tutorial and asked me. Here it is 🙂 A student is concerned about her car and does not like dents. When she [...]

What are stochastic and deterministic processes?

During class, I occasionally mention to students that the calculus you learnt is deterministic and they go uh huh. So like what is non deterministic?! I’ll attempt to give some simple [...]

What is a Markov Process?

A few students that have great interest in going into financial mathematics, be in JC students or Uni students that were taught by me before, asked me where to start. So I often recommend them to [...]