Stochastic control is a branch of control theory that deals with decision-making in systems that are subject to randomness and uncertainty. Unlike deterministic control, where the system dynamics and external influences are predictable, stochastic control involves managing systems where future states are influenced by random variables. The key components of stochastic control include: 1. **State Space**: This describes all possible states the system can occupy. In stochastic control, the state can change randomly over time.
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