Stochastic Methods: A Handbook for the Natural and Social Sciences - Springer Series in Synergetics 13 (Paperback)
  • Stochastic Methods: A Handbook for the Natural and Social Sciences - Springer Series in Synergetics 13 (Paperback)
zoom

Stochastic Methods: A Handbook for the Natural and Social Sciences - Springer Series in Synergetics 13 (Paperback)

(author)
£74.99
Paperback 447 Pages
Published: 19/10/2010
  • We can order this from the publisher

UK delivery within 4-5 weeks

  • This item has been added to your basket

This fourth edition of Stochastic Methods is thoroughly revised and augmented, and has been completely reset. While keeping to the spirit of the book I wrote originally, I have reorganised the chapters of Fokker-Planck equations and those on appr- imation methods, and introduced new material on the white noise limit of driven stochastic systems, and on applications and validity of simulation methods based on the Poisson representation. Further, in response to the revolution in ?nancial m- kets following from the discovery by Fischer Black and Myron Scholes of a reliable option pricing formula, I have written a chapter on the application of stochastic me- ods to ?nancial markets. In doing this, I have not restricted myself to the geometric Brownian motion model, but have also attempted to give some ?avour of the kinds of methods used to take account of the realities of ?nancial markets. This means that I have also given a treatment of Levy ´ processes and their applications to ?nance, since these are central to most current thinking. Since this book was written the rigorous mathematical formulation of stochastic processes has developed considerably, most particularly towards greater precision and generality, and this has been re?ected in the way the subject is presented in m- ern applications, particularly in ?nance.

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783642089626
Number of pages: 447
Dimensions: 235 x 155 mm
Edition: Softcover reprint of hardcover 4th ed. 2009


MEDIA REVIEWS

From the reviews of the fourth edition:“This is the fourth edition of a textbook intended for everyone interested in practising stochastic processes. … this fourth one is ‘thoroughly revised and augmented, and has been completely reset. … this new edition is designed to cater better for the wider readership as well as to those [he] originally had in mind’. … The bibliography is well presented, with a list of the references cited in each chapter, a commented global bibliography and an author index.” (Yves Elskens, Belgian Physical Society Magazine, Issue 2, 2012)

You may also be interested in...

The Human Use Of Human Beings
Added to basket
Linked
Added to basket
£13.99
Paperback
Introducing Chaos
Added to basket
Fractals and Chaos
Added to basket
Hidden Markov Models
Added to basket
Anticipatory Systems
Added to basket
Systems For All
Added to basket
£41.00
Paperback
Introduction to Systems Theory
Added to basket
The Computer and the Brain
Added to basket
Sync
Added to basket
£10.99
Paperback
Calculus Without Derivatives
Added to basket
Anticipatory Systems
Added to basket
£129.99
Paperback

Please sign in to write a review

Your review has been submitted successfully.

env: aptum
branch: