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Stochastic
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==Finance== The financial markets use stochastic models to represent the seemingly random behaviour of various financial assets, including the random behavior of the price of one currency compared to that of another (such as the price of US Dollar compared to that of the Euro), and also to represent random behaviour of [[interest rate]]s. These models are then used by financial analysts to value options on stock prices, bond prices, and on interest rates, see [[Markov chain|Markov models]]. Moreover, it is at the heart of the [[insurance industry]].
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