Probability via Expectation (Fourth Edition)

Whittle, Peter

ISBN 10: 0387989552 / ISBN 13: 9780387989556

Published by Springer, 2000

Fourth edition, first printing with number line to 1. Glossy hardcover boards, very good with shelf wear and edge wear. Boards rubbed. Corners and spine tips bumped. Spine slightly canted. Binding sound. Light staining to text block edge, and previous owner's name inked to ffep. Pages else clean. Text unmarked. Seller Inventory # CORV-BBC-X001007

Synopsis:

The third edition of 1992 constituted a major reworking of the original text, and the preface to that edition still represents my position on the issues that stimulated me first to write. The present edition contains a number of minor modifications and corrections, but its principal innovation is the addition of material on dynamic programming, optimal allocation, option pricing and large deviations. These are substantial topics, but ones into which one can gain an insight with less labour than is generally thought. They all involve the expectation concept in an essential fashion, even the treatment of option pricing, which seems initially to forswear expectation in favour of an arbitrage criterion. I am grateful to readers and to Springer-Verlag for their continuing interest in the approach taken in this work. Peter Whittle Preface to the Third Edition This book is a complete revision of the earlier work Probability which appeared in 1970. While revised so radically and incorporatingso much new material as to amount to a new text, it preserves both the aim and the approach of the original. That aim was stated as the provision of a 'first text in probability, demanding a reasonable but not extensive knowledge of mathematics, and taking the reader to what one might describe as a good intermediate level' . In doing so it attempted to break away from stereotyped applications, and consider applications of a more novel and significant character.

From the Back Cover: This classical text, here presented in a third and completely rewritten edition, has been widely used as an introduction to probability. Its main aim is to present a straightforward introduction to the main concepts and applications of probability at an undergraduate level.All the main concepts of a first course in probability are covered including probability measures, independence, conditional probability, the basic limit theorems, and Markov processes.

Bibliographic Details

Title: Probability via Expectation (Fourth Edition)
Publisher: Springer
Publication Date: 2000
Binding: Hardcover
Condition: Very Good
Edition: 4th Edition