Josiah Willard Gibbs in which he used as epigraph a remark attributed to Gibbs: "Mathematics is a language." Samuelson later explained that in his understanding of prices his "debts were not primarily to Pareto or Slutsky, but to the great thermodynamicist, Willard Gibbs of Yale." Mathematician Norbert Wiener cited Gibbs's use of probability in the formulation of statistical mechanics as "the first great revolution of twentieth century physics" and as a major influence on his conception of cybernetics. Wiener explained in the preface to his book "The Human Use of Human Beings" that it was "devoted to the impact of the Gibbsian point
Probability distribution of extreme points of a Wiener stochastic process Probability distribution of extreme points of a Wiener stochastic process In the mathematical theory of probability, the Wiener process, named after Norbert Wiener, is a stochastic process used in modeling various phenomena, including Brownian motion and fluctuations in financial markets. A formula for the conditional probability distribution of the extremum of the Wiener process and a sketch of its proof appears in work of H. J. Kusher published in 1964. a detailed constructive proof appears in work of Dario Ballabio in 1978. This result was developed within a research project about Bayesian optimization algorithms. In some global optimization problems the