The Mathematical and Philosophical Foundations of Probability. We find probability wherever we find uncertainty: virtually everywhere in our lives. Probability is essential to almost every technology. High-stakes decisions are routinely made on the basis of probability judgments and risk assessment-for example, in engineering, medicine, agriculture, environmental management, urban planning, public policy, public health, the law, and in our national defence. And some of those decisions have been ....The Mathematical and Philosophical Foundations of Probability. We find probability wherever we find uncertainty: virtually everywhere in our lives. Probability is essential to almost every technology. High-stakes decisions are routinely made on the basis of probability judgments and risk assessment-for example, in engineering, medicine, agriculture, environmental management, urban planning, public policy, public health, the law, and in our national defence. And some of those decisions have been made badly because of poor probability estimates-witness the 1986 space shuttle disaster. Our current methodologies for using probability are inadequate. This project will make an important contribution to the collective enterprise of enhancing our understanding of probability and its myriad applications.Read moreRead less
Financial Risk Processes: Stochastic and Statistical Models and their Applications. On the one hand, the misuse of complex financial instruments has contributed to recent major disasters in the Australian financial and insurance industries; on the other hand, great benefits can be obtained by correct use of these kinds of instruments, to share risk between markets and segments of markets. The overall research effort in Australia in these areas is relatively small. This project will target the de ....Financial Risk Processes: Stochastic and Statistical Models and their Applications. On the one hand, the misuse of complex financial instruments has contributed to recent major disasters in the Australian financial and insurance industries; on the other hand, great benefits can be obtained by correct use of these kinds of instruments, to share risk between markets and segments of markets. The overall research effort in Australia in these areas is relatively small. This project will target the development of cutting edge technologies underlying the use of financial derivatives, not presently studied in this country or elsewhere, by bringing together a variety of top level international researchers in an integrated effort to lift the Australian understanding and application of this methodology.Read moreRead less
Stochastic Analysis with a View to Applications in Financial Risk Processes. Recent decades have seen explosive growth in applications of probability theory and statistics to the modelling of risk in finance and insurance. An intensive theoretical investigation into passage time and other problems for Levy and other continuous time processes will be applied to financial risk analyses. Related investigations will involve perpetuities and stochastic volatility models for price series. Outcomes ....Stochastic Analysis with a View to Applications in Financial Risk Processes. Recent decades have seen explosive growth in applications of probability theory and statistics to the modelling of risk in finance and insurance. An intensive theoretical investigation into passage time and other problems for Levy and other continuous time processes will be applied to financial risk analyses. Related investigations will involve perpetuities and stochastic volatility models for price series. Outcomes will include the development of new theory in probability and statistics, the initiation and reinforcement of collaborative ties with major international research figures, and the fostering of contacts with the finance industry.Read moreRead less
Stochastic analysis and the development and application of financial risk processes. Ensuring the stability of Australia's financial system requires an understanding of the complex financial instruments, strategies and technologies that have evolved in recent years. A strong well-integrated research effort in stochastic analysis with particular application to financial markets is fundamental for measuring and managing risk, to protect and preserve a well functioning system, and to inform policy ....Stochastic analysis and the development and application of financial risk processes. Ensuring the stability of Australia's financial system requires an understanding of the complex financial instruments, strategies and technologies that have evolved in recent years. A strong well-integrated research effort in stochastic analysis with particular application to financial markets is fundamental for measuring and managing risk, to protect and preserve a well functioning system, and to inform policy debate on financial strategies and insurance liabilities.
These challenges are global and require extensive international research collaboration and interaction. The present project will enhance Australia's contributions in this area and facilitate its global impact more than is possible through individual efforts.Read moreRead less
Algebraic K-theory and groups. This project will study the K-theory of division algebras, their generalisation to Azumaya algebras and the nonstable K-theory of rings. Expected outcomes would enhance our understanding on the structure of these K groups.
The goal is to settle some of the most significant conjectures in the subject: Bak's solvability of nonstable K groups over rings and the Merkurjev-Suslin conjectures on reduced K theory of division rings.
The study of these problems contribu ....Algebraic K-theory and groups. This project will study the K-theory of division algebras, their generalisation to Azumaya algebras and the nonstable K-theory of rings. Expected outcomes would enhance our understanding on the structure of these K groups.
The goal is to settle some of the most significant conjectures in the subject: Bak's solvability of nonstable K groups over rings and the Merkurjev-Suslin conjectures on reduced K theory of division rings.
The study of these problems contributes to and draws from such topics as group theory, commutative ring theory, algebraic number theory and algebraic geometry.
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Topological Lambda-Algebras. This project will explore a mathematical puzzle that has defied twenty years of attempts to solve it. This puzzle is in an area which has been at the centre of worldwide mathematics research for more than a decade. The idea of the project is to use new techniques, developed in the last couple of years by Borger and Wieland, and bring them to bear on the old questions.
Triangulated categories and their applications. This project is at the cutting edge of modern, international research in mathematics. Having work of this calibre done in Australia raises our international prestige, and makes Australia a more attractive place for top-notch hi-tech companies. Furthermore, training our young people to such a high standard will have the long-term effect of raising our profile.
Derived categories and their applications, especially in K-theory, topology and algebraic geometry. Algebraic geometry, topology and algebraic K-theory are mathematical disciplines that study different aspects of geometry. In all these areas of study, derived categories have proved to be powerful tools. This project aims to use derived categories to advance our understanding of geometry. Involved are some of the main open questions in geometry from the second half of the twentieth century.
....Derived categories and their applications, especially in K-theory, topology and algebraic geometry. Algebraic geometry, topology and algebraic K-theory are mathematical disciplines that study different aspects of geometry. In all these areas of study, derived categories have proved to be powerful tools. This project aims to use derived categories to advance our understanding of geometry. Involved are some of the main open questions in geometry from the second half of the twentieth century.
The research is being nominated for the Complex/Intelligent Systems Priority Area. Geometry is relevant in two ways. Secure and/or error correcting codes are often based on algebraic geometry. And modelling concurrency problems involves homotopy theory.Read moreRead less
Stability conditions on triangulated categories and related aspects of homological mirror symmetry. The proposed research studies one of the deepest questions in nature through superstring theory and mathematics with leading experts around the world. So, the proposed project maintains the Australia's profile in science. Also, the proposed project fits within the the Research Priority: Frontier Technologies for Building and Transforming Australian Industries. We will have exciting mathematical di ....Stability conditions on triangulated categories and related aspects of homological mirror symmetry. The proposed research studies one of the deepest questions in nature through superstring theory and mathematics with leading experts around the world. So, the proposed project maintains the Australia's profile in science. Also, the proposed project fits within the the Research Priority: Frontier Technologies for Building and Transforming Australian Industries. We will have exciting mathematical discussions which stimulate Australian students. They will be able to take advantage of such experience, especially when they need innovation. Thus, it is an investment for future of Australian industries.Read moreRead less
Generalized Geometries and their Applications. Geometry is one of the pillars of both ancient and modern mathematics. It also plays a vital role in many scientific applications, in particular in physics. Progress on the mathematical aspects and the applications have often gone hand in hand, as for example with differential geometry and general relativity. Geometry is a very fruitful area for interdisciplinary research.
Australia has a long tradition and a recognized research strength in Mat ....Generalized Geometries and their Applications. Geometry is one of the pillars of both ancient and modern mathematics. It also plays a vital role in many scientific applications, in particular in physics. Progress on the mathematical aspects and the applications have often gone hand in hand, as for example with differential geometry and general relativity. Geometry is a very fruitful area for interdisciplinary research.
Australia has a long tradition and a recognized research strength in Mathematical Physics, and this project will contribute to maintaining that status. An integral part of this proposal is student involvement and postgraduate research training, for which the topic lends itself particularly well.Read moreRead less