Visit our Christmas Gift Finder
An Introduction to Continuous-Time Stochastic Processes: Theory, Models, and Applications to Finance, Biology, and Medicine - Modeling and Simulation in Science, Engineering and Technology (Hardback)
  • An Introduction to Continuous-Time Stochastic Processes: Theory, Models, and Applications to Finance, Biology, and Medicine - Modeling and Simulation in Science, Engineering and Technology (Hardback)
zoom

An Introduction to Continuous-Time Stochastic Processes: Theory, Models, and Applications to Finance, Biology, and Medicine - Modeling and Simulation in Science, Engineering and Technology (Hardback)

(author), (author)
£74.99
Hardback 482 Pages / Published: 29/05/2015
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
This textbook, now in its third edition, offers a rigorous and self-contained introduction to the theory of continuous-time stochastic processes, stochastic integrals, and stochastic differential equations. Expertly balancing theory and applications, the work features concrete examples of modeling real-world problems from biology, medicine, industrial applications, finance, and insurance using stochastic methods. No previous knowledge of stochastic processes is required. Key topics include: Markov processes Stochastic differential equations Arbitrage-free markets and financial derivatives Insurance risk Population dynamics, and epidemics Agent-based models New to the Third Edition: Infinitely divisible distributions Random measures Levy processes Fractional Brownian motion Ergodic theory Karhunen-Loeve expansion Additional applications Additional exercises Smoluchowski approximation of Langevin systems An Introduction to Continuous-Time Stochastic Processes, Third Edition will be of interest to a broad audience of students, pure and applied mathematicians, and researchers and practitioners in mathematical finance, biomathematics, biotechnology, and engineering. Suitable as a textbook for graduate or undergraduate courses, as well as European Masters courses (according to the two-year-long second cycle of the "Bologna Scheme"), the work may also be used for self-study or as a reference. Prerequisites include knowledge of calculus and some analysis; exposure to probability would be helpful but not required since the necessary fundamentals of measure and integration are provided. From reviews of previous editions: "The book is ... an account of fundamental concepts as they appear in relevant modern applications and literature. ... The book addresses three main groups: first, mathematicians working in a different field; second, other scientists and professionals from a business or academic background; third, graduate or advanced undergraduate students of a quantitative subject related to stochastic theory and/or applications." -Zentralblatt MATH

Publisher: Birkhauser Boston Inc
ISBN: 9781493927562
Number of pages: 482
Weight: 907 g
Dimensions: 235 x 155 x 27 mm
Edition: 3rd ed. 2015


MEDIA REVIEWS

"This is indeed a very well written book on stochastic processes and their numerous applications. ... The reader will definitely benefit from the exercises given at the end of each of the chapters. ... The book is strongly recommended to students following any graduate program in mathematics and mathematical modeling. University teachers can easily use this book as a possible reference book for special intermediate and advanced courses in stochastics and its applications." (Jordan M. Stoyanov, zbMATH 1333.60002, 2016)

You may also be interested in...

Statistics Explained
Added to basket
Principles of Statistics
Added to basket
An Introduction to Statistical Learning
Added to basket
Statistics Essentials For Dummies
Added to basket
How to Lie with Statistics
Added to basket
Choosing and Using Statistics
Added to basket
Risk
Added to basket
£12.99
Paperback
Quantitative Methods
Added to basket
Psychology Statistics For Dummies
Added to basket
Advanced Statistics Demystified
Added to basket
Qualitative Data Analysis
Added to basket
Statistics: A Very Short Introduction
Added to basket

Please sign in to write a review

Your review has been submitted successfully.