This text on probability and stochastic processes begins at an elementary level and progresses quickly to cover more advanced topics. It has been revised, with new chapters, more exercises at the ends of sections, and new problems at the ends of chapters.
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"... this is definitely one of my favourites as a textbook ... a wealth of interesting teaching material at all levels" -- Short Book Reviews of the ISI
"As well as its masterful coverage of the material, the book has many appealing stylistic features." -- Mathematical Gazette
"The first edition was excellent, but the second edition is even better. The companion "Problems and Solution", contains 675 carefully chosen problems with well explained solutions. Buy them both!" -- Mathematika
"The reviewer greatly enjoyed going through the book, not least due to its diversity, its up-to-date flavour and its many interesting and amusing examples. It is highly recommended as one of the nicest texts at its level" -- Zentralblatt fur Mathematik
Geoffrey Grimmett is at Statistical Laboratory, University of Cambridge. David Stirzaker is at Mathematical Institute, Oxford University.
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