Monday, November 07, 2005

Spotlight on Kiyoshi Itō

Joe Carter again mangles mathematical history and philosphy, and brings to my mind Kiyoshi Itō.

Itō's Lemma is most famously used in the development of the Black-Scholes stochastic differential equations for the pricing of derivative securities.

It could be worse; he could have brought up Dembski again, I guess.

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