Please note special time and day - Wednesday at 1PM

Fluctuations play a critical role in cosmology. They are relevant across a range of phenomena from the dynamics of inflation to the formation of structure. In many cases, these it is a good approximation to coarse grain these fluctuations (in the sense of a Renormalization Group flow), and they follow a Gaussian distribution as a consequence of the Central Limit Theorem. Yet, some classes of observables are dominated by rare fluctuations and are sensitive to the details of the underlying microphysics. In this talk, I will introduce the Large Deviation Principle, and will explain how it can be used to diagnose when effective approaches fail and one must instead to appeal to the microscopic description. I will illustrate this phenomenon in the context of determining the phase transition to eternal inflation, the distribution of scalar field fluctuations in de Sitter, and the production of primordial black holes.