Lesson 9: Deterministic vs. Stochastic Modeling

Hi everyone! This video is about the difference between deterministic and stochastic modeling, and when to use each.

Here is the link to the paper I mentioned in the video about stochastic gene network modeling related to melanoma tumors:

All the code from my videos is available on my Github:

If you're are trying to catch up on the basics of Python, differential equations, or cell biology, here are some good resources:

Python Basics-

Differential Equations

Cell Biology

Central Dogma

Thanks for watching and let me know if you have any questions!

[MikeSaintAntoine]

Hi everyone! I've been working on my animation skills lately and made a new version of this tutorial with some animation and plotting (although I'm still gonna leave this old version up). Here's the new version if you want to check it out:


Thanks for watching and let me know if you have any questions! 🙂

[econometrics]

Great video! The terms are intimidating and technical, but your breakdown is extremely clear and concise. Perfect for students.

[MJ-pjme]

Thank you! Simple, straightforward and I understand it!

[kemlaurin]

this is an excellent illustration of the 2 models. Thanks

[yaroslavtrostianskyi]

Is there a threshold in the both models ?

[charleskirchofer]

Hi Mike. Thanks for this video! I'm delving into actuarial software tools for work and know that insurance actuaries have traditionally used deterministic models for reserving (setting aside assets to ensure they have the money to pay a life insurance claim 20 years down the road, for example). Many are now supplementing this with stochastic modeling as the computing power becomes available. I'm trying to understand the difference in practice. Surely the models they've always used would give them likelihoods of a person with a given set of starting conditions dying in a certain period? Is the advantage of stochastic that it allows greater insights into tail risks? Any help you can provide would be much appreciated!

[mohamedhanout]

Thanks Mike for this informativ video. I am interested in Modeling and simulation in health care as a help tool in decision making. do you have date about the benefit of it especially from financial point of view ? many Thanks in advance