Background
The earliest work on SDEs was done to describe Brownian motion in Einstein's famous paper, and at the same time by Smoluchowski. However, one of the earlier works related to Brownian motion is credited to Bachelier (1900) in his thesis 'Theory of Speculation'. This work was followed upon by Langevin. Later Itō and Stratonovich put SDEs on more solid mathematical footing.
Read more about this topic: Stochastic Differential Equation
Famous quotes containing the word background:
“They were more than hostile. In the first place, I was a south Georgian and I was looked upon as a fiscal conservative, and the Atlanta newspapers quite erroneously, because they didn’t know anything about me or my background here in Plains, decided that I was also a racial conservative.”
—Jimmy Carter (James Earl Carter, Jr.)
“... every experience in life enriches one’s background and should teach valuable lessons.”
—Mary Barnett Gilson (1877–?)