Itô Prize ($5,000)

The Itô prize is awarded by the journal Stochastic Processes and their Applications to reward a paper recently published in the journal that we feel has significantly advanced the theory or applications of stochastic processes. The prize also has the purpose of honoring the vast and seminal contributions of Professor K. Itô to the subject.

Professor Kiyosi Itô was born on September 7, 1915 in Mie, Japan. In 2003 when the prize was   first awarded, he turned 88 years old. In Japan this is a significant birthday, known as one’s “rice birthday,” since the characters for 88 resemble the character for rice. It was thus a fitting time to acknowledge the immense gifts Professor Itô has given to mathematics and to probability theory in particular, by naming this prize in his honor. It is also appropriate to remind ourselves of the contributions Professor Itô has made to the field, and how significant they are.

The 2009 Itô prize is awarded to Marc Wouts for the paper
A coarse graining for the Fortuin-Kasteleyn measure in random media Stochastic Processes and their Applications, Vol. 118, Issue 11, November 2008, Pages 1929-1972
The prize will be presented to Marc Wouts during the   33rd Conference on Stochastic Processes and their Applications, Berlin, Germany, 27-31 July 2009.

The 2007 Itô prize was awarded to Sylvie Roelly and Michèle Thieullen for the paper
Duality formula for the bridges of a Brownian diffusion: Application to gradient drifts
Stochastic Processes and their Applications, Volume 115, Issue 10, October 2005, Pages 1677-1700

The 2005 Itô prize was awarded to Professor Nicolai V. Krylov for the paper
On weak uniqueness for some diffusions with discontinuous coefficients
Stochastic Processes and their Applications, Volume 113, Issue 1, September 2004, Pages 37-64
The 2005 and 2007 prizes were awarded at the SPA 2007 meeting, to be held in Urbana-Champaign, Illinois, USA. Visit    www.math.uiuc.edu/SPA07

The first ever Itô prize was awarded to Ben Hambly, James Martin and Neil O'Connell for their paper
  Concentration results for a Brownian directed percolation problem
Stochastic Processes and their Applications, Volume 102, Issue 2, December 2002, Pages 207-220