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Synopsis
This text gives an introduction to the basic theory of stochastic calculus and its applications. Examples are given throughout the text, in order to motivate and illustrate the theory and show its importance for many applications, for example, economics, biology and physics. The idea of the presentation is to start from some basic results (without proofs) of the easier cases and develop the theory from there, and to concentrate on the proofs of the easier case (which nevertheless are often sufficiently general for many purposes) in order to be able to reach quickly the parts of the theory which is most important for the applications. The new feature of this fifth edition is an extra chapter on applications to mathematical finance.
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Stochastic Differential Equations: An Introduction with Applications
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Stochastic differential equations : an introduction with applications. (Universitext). Ex-Library.
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Springer, Berlin, Germany., &c., 1998
ISBN 10: 3540637206
ISBN 13: 9783540637202
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Stochastic Differential Equations. An Introduction With Applications, 5th Edition (Universitext)
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