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Author :
Release : 1999-01-18
Genre :
Kind : eBook
Book Rating : 010/5 ( reviews)
Book Synopsis Essentials Stochastic Finance Facts Mo by :
Download or read book Essentials Stochastic Finance Facts Mo written by . This book was released on 1999-01-18. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Albert N Shiryaev
Release : 1999-01-15
Genre : Mathematics
Kind : eBook
Book Rating : 662/5 ( reviews)
Book Synopsis Essentials Of Stochastic Finance: Facts, Models, Theory by : Albert N Shiryaev
Download or read book Essentials Of Stochastic Finance: Facts, Models, Theory written by Albert N Shiryaev. This book was released on 1999-01-15. Available in PDF, EPUB and Kindle. Book excerpt: This important book provides information necessary for those dealing with stochastic calculus and pricing in the models of financial markets operating under uncertainty; introduces the reader to the main concepts, notions and results of stochastic financial mathematics; and develops applications of these results to various kinds of calculations required in financial engineering. It also answers the requests of teachers of financial mathematics and engineering by making a bias towards probabilistic and statistical ideas and the methods of stochastic calculus in the analysis of market risks.
Author : Alʹbert Nikolaevich Shiri͡aev
Release : 1999
Genre : Financial engineering
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Essentials of Stochastic Finance by : Alʹbert Nikolaevich Shiri͡aev
Download or read book Essentials of Stochastic Finance written by Alʹbert Nikolaevich Shiri͡aev. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Durrett
Release : 2016-11-07
Genre : Mathematics
Kind : eBook
Book Rating : 148/5 ( reviews)
Book Synopsis Essentials of Stochastic Processes by : Richard Durrett
Download or read book Essentials of Stochastic Processes written by Richard Durrett. This book was released on 2016-11-07. Available in PDF, EPUB and Kindle. Book excerpt: Building upon the previous editions, this textbook is a first course in stochastic processes taken by undergraduate and graduate students (MS and PhD students from math, statistics, economics, computer science, engineering, and finance departments) who have had a course in probability theory. It covers Markov chains in discrete and continuous time, Poisson processes, renewal processes, martingales, and option pricing. One can only learn a subject by seeing it in action, so there are a large number of examples and more than 300 carefully chosen exercises to deepen the reader’s understanding. Drawing from teaching experience and student feedback, there are many new examples and problems with solutions that use TI-83 to eliminate the tedious details of solving linear equations by hand, and the collection of exercises is much improved, with many more biological examples. Originally included in previous editions, material too advanced for this first course in stochastic processes has been eliminated while treatment of other topics useful for applications has been expanded. In addition, the ordering of topics has been improved; for example, the difficult subject of martingales is delayed until its usefulness can be applied in the treatment of mathematical finance.
Author : Wolfgang Paul
Release : 2013-07-11
Genre : Science
Kind : eBook
Book Rating : 275/5 ( reviews)
Book Synopsis Stochastic Processes by : Wolfgang Paul
Download or read book Stochastic Processes written by Wolfgang Paul. This book was released on 2013-07-11. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the theory of stochastic processes with applications taken from physics and finance. Fundamental concepts like the random walk or Brownian motion but also Levy-stable distributions are discussed. Applications are selected to show the interdisciplinary character of the concepts and methods. In the second edition of the book a discussion of extreme events ranging from their mathematical definition to their importance for financial crashes was included. The exposition of basic notions of probability theory and the Brownian motion problem as well as the relation between conservative diffusion processes and quantum mechanics is expanded. The second edition also enlarges the treatment of financial markets. Beyond a presentation of geometric Brownian motion and the Black-Scholes approach to option pricing as well as the econophysics analysis of the stylized facts of financial markets, an introduction to agent based modeling approaches is given.
