CARL FRIEDRICH GAUSS PRIZE FOR APPLICATIONS OF MATHEMATICS. First Award

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CARL FRIEDRICH GAUSS PRIZE FOR APPLICATIONS OF MATHEMATICS First Award Opening Ceremony, ICM 2006, Madrid, Spain August 22, 2006 groetschel@zib.de Institut für Mathematik, Technische Universität Berlin (TUB) DFG-Forschungszentrum MATHEON Mathematik für Schlüsseltechnologien Konrad-Zuse-Zentrum für Informationstechnik Berlin (ZIB) http://www.zib.de/groetschel

2 CARL FRIEDRICH GAUSS PRIZE FOR APPLICATIONS OF MATHEMATICS From the Statutes: The IMU Carl Friedrich Gauss Prize for applications of mathematics is to be awarded for outstanding mathematical contributions that have found significant practical applications outside of mathematics, or achievements that made the application of mathematical methods to areas outside of mathematics possible in an innovative way, e.g., via new modelling techniques or the design and implementation of algorithms.

3 CARL FRIEDRICH GAUSS PRIZE FOR APPLICATIONS OF MATHEMATICS From the Statutes: The Carl Friedrich Gauss Prize is given, in particular, for the impact the work of the prize winner has had in practice. Since the practical usefulness of mathematical results is often not immediately visible and since the applicability and importance for practice may only be realized after a long time lag, no age limit should restrict the choice of a prize winner.

4 Why is the prize called Gauss Prize? magnetism 1 Gauss = unit of the magnetic field Gauss curve 1840 painted by Christian Albrecht Jensen prediction of the reappearance of the asteroid Ceres least squares geodesy/land survey

5 CARL FRIEDRICH GAUSS PRIZE FOR APPLICATIONS OF MATHEMATICS From the Statutes: The Carl Friedrich Gauss Prize is given, in particular, for the impact the work of the prize winner has had in practice. Since the practical usefulness of mathematical results is often not immediately visible and since the applicability and importance for practice may only be realized after a long time lag, no age limit should restrict the choice of a prize winner. About 30 highly deserving colleagues from all areas of mathematics, pure and applied, have been suggested for this award.

6 CARL FRIEDRICH GAUSS PRIZE FOR APPLICATIONS OF MATHEMATICS From the Statutes: The International Mathematical Union appoints a Carl Friedrich Gauss Prize Committee in analogy to its other Prize Committees. The Carl Friedrich Gauss Prize Committee reports its choice to the IMU president.

7 The Gauss Prize Committee Robert E. Bixby (USA) Frank den Hollander (The Netherlands) (Germany, chair) Stephane Mallat (France) Ian Sloan (Australia) appointed by the IMU Executive Committee.

The Medal least squares Gauss Prize medal designed by Jan Arnold Ceres

9 The Winner The International Mathematical Union (IMU) and the Deutsche Mathematiker-Vereinigung (DMV) jointly award the Carl Friedrich Gauss Prize for Applications of Mathematics to Professor Dr. Kiyoshi Itô for laying the foundations of the Theory of Stochastic Differential Equations and Stochastic Analysis. Itô s work has emerged as one of the major mathematical innovations of the 20th century and has found a wide range of applications outside of mathematics. Itô calculus has become a key tool in areas such as engineering (e.g., filtering, stability, and control in the presence of noise), physics (e.g., turbulence and conformal field theory), and biology (e.g., population dynamics). It is at present of particular importance in economics and finance with option pricing as a prime example. Madrid, August 22, 2006 Sir John Ball President of IMU Günter M. Ziegler President of DMV

10 The Gauss Prize to K. Itô: applications outside of mathematics engineering: e.g., filtering, stability, and control in the presence of noise physics: e.g., turbulence and conformal field theory biology: e.g., population dynamics economics: e.g., option pricing Further applications and details will be reported in the Gauss Prize Lecture by Hans Föllmer (Humboldt University Berlin) Wednesday, August 23, 2006, 14:00 14:45 lecture room A

11 Kiyoshi Itô

12 Kiyoshi Itô 1942

13 Kiyoshi Itô 1954

14 Kiyoshi Itô 1978

15 Kiyoshi Itô 1995

16 Kiyoshi Itô 2005

17 Kiyoshi Itô 2006 For health reasons, Prof. Itô is unfortunately unable to be present at this award ceremony. The IMU President Sir John Ball will personally take the Gauss Medal to Kyoto after ICM 2006 and present it to Prof. Itô at a special ceremony.

18 Kiyoshi Itô s wife and 3 daughters 1954 1976

19 Kiyoshi Itô s daughter Junko Junko Itô Professor and Chair, Linguistics University of California Santa Cruz, CA USA will accept the Gauss Prize on behalf of her father.

20 Kiyoshi Itô Professor Emeritus, Kyoto University Winner of the 2006 Carl Friedrich Gauss Prize for Applications of Mathematics