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.
"synopsis" may belong to another edition of this title.
Richard Durrett received his Ph.D. in Operations Research from Stanford in 1976. He taught at the UCLA mathematics department for 9 years and at Cornell for 25 years before moving to Duke in 2010. He is author of 8 books and more than 200 journal articles and has supervised more that 45 Ph.D. students. He is a member of the National Academy of Science. Most of his current research concerns the applications of probability to biology: ecology, genetics, and most recently cancer.
"About this title" may belong to another edition of this title.
Shipping:
£ 3.15
Within U.S.A.
Book Description Hardcover. Condition: New. 3rd ed. 2016. Ships in a BOX from Central Missouri! UPS shipping for most packages, (Priority Mail for AK/HI/APO/PO Boxes). Seller Inventory # 001982425N
Book Description Hardcover. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_331945613X
Book Description Hardcover. Condition: new. Prompt service guaranteed. Seller Inventory # Clean331945613X
Book Description Hardcover. Condition: new. New. Seller Inventory # Wizard331945613X
Book Description Condition: New. Seller Inventory # 27024459-n
Book Description Hardcover. Condition: new. Seller Inventory # 9783319456133
Book Description Condition: new. Seller Inventory # FrontCover331945613X
Book Description Condition: new. Seller Inventory # NewCamp331945613X
Book Description Hardcover. Condition: new. New Copy. Customer Service Guaranteed. Seller Inventory # think331945613X
Book Description Condition: new. Book is in NEW condition. Satisfaction Guaranteed! Fast Customer Service!!. Seller Inventory # PSN331945613X