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Harvesting in a random environment: Itô or Stratonovich calculus?

Carlos A Braumann1

  • 1Department of Mathematics, Universidade de Evora, Rua Romão Ramalho 59, PT-7000-671 EVORA, Portugal. braumann@uevora.pt

Summary

This study resolves the Itô-Stratonovich controversy in stochastic differential equation (SDE) models for population dynamics with harvesting. It clarifies that apparent differences between Itô and Stratonovich calculus stem from semantic confusion, leading to unified conditions for population extinction and stationary density.

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