Description: (Japanese Mathematician Who Invented the Concept of Stochastic Differential Equation and Stochastic Integral)
Kiyoshi Ito was a Japanese mathematician best remembered for his immense contributions to probability theory. He is credited with inventing the concept of stochastic differential equation and stochastic integral. Kiyoshi Ito is also credited with founding Itô calculus. In 2006, Kiyoshi Ito was honored with the prestigious Gauss Prize by the International Mathematical Union.