Unpredictable Nature: Understanding the Stochastic Phenomena of Our Society

WASHINGTON, D.C. – Curt Braddock, a communications expert at American University, likened the unpredictability of a storm to the random nature of lightning strikes: “(In a storm), lightning is going to strike … but you (can’t) predict (exactly) when and where.” This concept can be described using the term “stochastic,” which is commonly known to professionals in scientific and economic fields that deal with statistical interpretations. However, it can also apply to the social sciences, …

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