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These aren't synonyms. Random is a property of the world itself; stochastic means "we allow ourselves to think of this process as random because we can't/don't
by thanatropism 7y ago
These aren't synonyms.
Random is a property of the world itself; stochastic means "we allow ourselves to think of this process as random because we can't/don't want to deal with it exactly".
Following this is the difference between Random Differential Equations and Stochastic Differential Equations.