Guest lecturer George Papanicolaou, Ph.D., Robert Grimmett Professor of Mathematics at Stanford University, will present this lecture for the second annual Basil Nicolaenko Memorial Distinguished Lecture Series on Nonlinear Studies.
Among the issues that are emerging in developing methods for uncertainty quantification is systemic risk, which is the overall failure of large, interconnected systems each of whose components can fail separately without causing systemic, overall failure. I will formulate several mathematical problems in this area and focus on mean field models. Within this class of models one can answer questions such as: how does interconnectedness improve the survival of individual components while increasing the systemic risk? Examples from various scientific fields and from finance will be discussed.
Monday, October 17, 2011
Reception 1 p.m.
Lecture 2-3 p.m.
Memorial Union, Ventana C
RSVP reception and lecture: http://math.asu.edu/
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