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Explore the intricacies of stochastic processes in this 53-minute Lorenz Lecture from the 2014 AGU Fall Meeting's Nonlinear Geophysics section. Delve into the world of randomness and its applications in geophysics as presented by D. Koutsoyiannis from the National Technical University of Athens. Gain insights into the latest developments and theories surrounding stochastic processes and their relevance to nonlinear geophysical systems. Enhance your understanding of the complex interplay between randomness and deterministic processes in natural phenomena.