Stochastic Differential Equations In Science And Engineering (With Cd-rom)

Henderson, Douglas; Plaschko, Peter

 
9789812562968: Stochastic Differential Equations In Science And Engineering (With Cd-rom)
ISBN 10: 9812562966 ISBN 13: 9789812562968
Publisher: World Scientific Publishing Co Pte Ltd, 2006

Synopsis

Traditionally, non-quantum physics has been concerned with deterministic equations where the dynamics of the system are completely determined by initial conditions. A century ago the discovery of Brownian motion showed that nature need not be deterministic. However, it is only recently that there has been broad interest in nondeterministic and even chaotic systems, not only in physics but in ecology and economics. On a short term basis, the stock market is nondeterministic and often chaotic. Despite its significance, there are few books available that introduce the reader to modern ideas in stochastic systems. This book provides an introduction to this increasingly important field and includes a number of interesting applications.

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Review

The readers will benefit from the illustrations of complex applied phenomena which are well described by using SDEs ]] At the end of each chapter there are useful exercises with detailed solutions or hints ]] Anybody working in the area of, or dealing with, stochastic processes, in particular with SDEs, will find interesting topics and/or illustratio -- Zentralblatt MATH "Zentralblatt MATH"

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Publisher
World Scientific Publishing Co Pte Ltd
Publication date
2006
Language
English
ISBN 10 
9812562966
ISBN 13 
9789812562968
Binding
Product Bundle
Number of pages
240