Continuous models. Continuous time stochastic processes: Poisson process, Markov chains, Renewal process, Brownian motion, including simulation of these processes. Applications to Black-Scholes model, insurance and ruin problems and related topics.

Prerequisites: MATH 4B, PSTAT 120B, and PSTAT 160A with a grade of C or better

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Letters and science

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Los Ingenieros
We are the Society of Hispanic Professional Engineers (SHPE) here at UCSB, and our vision is to enhance support for all our members throughout their higher education journey. Whether your interests are in engineering, mathematics, biology, or beyond, Los Ingenieros is dedicated to making a positive impact through professional growth and success, academic opportunities, community involvement, and networking for both our members and the local community. And most importantly, you don’t have to be an engineer, in STEM, or Hispanic to join; we welcome everyone!
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Applied Stochastic Processes
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