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Unformatted text preview: nancial environment.
• Financial investment strategies, venture capital: Individuals raising money for, or
investing in, startup activities must assess potential payoﬀs against costs, in the face of
uncertainties about a particular new technology, competitors, and prospective customers.
• Modeling complex systems: Models incorporating probability theory have been developed
and are continuously being improved for understanding the brain, gene pools within populations, weather and climate forecasts, microelectronic devices, and imaging systems such as
computer aided tomography (CAT) scan and radar. In such applications, there are far too
many interacting variables to model in detail, so probabilistic models of aggregate behavior
• Modeling social science: Various groups, from politicians to marketing folks, are interested
in modeling how information spreads through social networks. Much of the modeling in this
area of social science involves models of how people make decis...
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This note was uploaded on 02/09/2014 for the course ISYE 2027 taught by Professor Zahrn during the Spring '08 term at Georgia Institute of Technology.
- Spring '08
- The Land