||0 of 3 people found the following review helpful.| Five Stars|By Mathematical foundations Pahl|The book is in pristine condition, thanks a lot|||From the book reviews:|“The authors, both physicists, have revised their successful book first published in 2000. … the stochastic processes are presented clearly in mathematical language, e.g., with measure theoretical formalism, which makes th
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 inc...
[PDF.fl95] Stochastic Processes: From Physics to Finance Rating: 4.74 (765 Votes)
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