  Both the corpuscular theory of light and the theory of stochastic processes
are well known in literature. However, they are not systematically used
together for description of optical phenomena. There are optical phenomena,
such as the well known three-polarizers experiment or other phenomena related
to polarization of light, which have never been quantitatively and
qualitatively explained using the concept of quantum of light (photon). The
situation changed in 2022 when stochastic memoryless and independent (IM)
process formulated within the framework of the theory of stochastic processes
was introduced. It is suitable for determination of probability (density)
functions characterizing interaction (transmission or reflection) of individual
photons with optical elements on the basis of experimental data. The process
has memoryless (Markov) property and it is assumed that the interactions of
individual photons with an optical system are independent. Formulae needed for
analysis of data in the context of polarization of light are derived. An
example analysis of the three-polarizers experiment is performed and numerical
result of the probability (density) functions are determined. These original
results were missing in literature. The results imply that the possibilities of
the corpuscular theory of light to describe optical phenomena can be
significantly extended with the help of stochastic IM process and the theory of
stochastic processes in general.
