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Add to basketCondition: New. 2025. 2024th Edition. hardcover. . . . . .
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Published by Springer Nature Singapore, Springer Nature Singapore, 2025
ISBN 10: 9819761514 ISBN 13: 9789819761517
Language: English
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Add to basketBuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - This is an essential textbook for senior undergraduate and graduate students of statistics, stochastic processes, stochastic finance, and probability theory. It covers all the important notations of probability theory and stochastic processes that are crucial for students to overcome their initial challenges during their studies. It thoroughly discusses the concepts of stochastic processes, both Markov and non-Markov processes, as well as stochastic calculus. With a special focus on finance, the book dedicates three chapters to explore the applications of stochastic processes in options, credit risk and insurance.Organized into sixteen chapters and one appendix, the book takes the readers to a well-organized learning. To fully grasp the intricacies of stochastic processes, students are expected to have a solid grounding in real analysis, linear algebra, and differential equations. Practical examples are emphasized throughout the book, carefully selected from various fields. The exercises at the end of each chapter are designed with the same objective in mind. Stochastic processes play a significant role in various scientific disciplines and real-life applications.
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Add to basketHardcover. Condition: Brand New. 595 pages. 9.25x6.10x9.21 inches. In Stock.
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Add to basketHardcover. Condition: Brand New. 595 pages. 9.25x6.10x9.21 inches. In Stock. This item is printed on demand.
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