Stochastic Processes and Calculus: An Elementary Introduction with Applications
Language: English
Published by Springer, 2015
Series: Book 46 of 190 - Springer Texts in Business and Economics
- Hardcover
- New
Seller: Revaluation Books, Exeter, United KingdomRevaluation Books
AbeBooks seller since January 6, 2003
Condition: New
£ 121.53
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412 pages. 9.25x6.25x1.25 inches. In Stock.
Seller Inventory # x-3319234277
- Title
- Stochastic Processes and Calculus: An Elementary Introduction with Applications
- Author
- Hassler, Uwe (Author)
- Publisher
- Springer
- Publication year
- 2015
- Condition
- Brand New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 3319234277
- ISBN 13
- 9783319234274
- Item weight
- 0.75 kilograms
- Series
- Book 46 of 190: Springer Texts in Business and Economics
This textbook gives a comprehensive introduction to stochastic processes and calculus in the fields of finance and economics, more specifically mathematical finance and time series econometrics. Over the past decades stochastic calculus and processes have gained great importance, because they play a decisive role in the modeling of financial markets and as a basis for modern time series econometrics. Mathematical theory is applied to solve stochastic differential equations and to derive limiting results for statistical inference on nonstationary processes.
This introduction is elementary and rigorous at the same time. On the one hand it gives a basic and illustrative presentation of the relevant topics without using many technical derivations. On the other hand many of the procedures are presented at a technically advanced level: for a thorough understanding, they are to be proven. In order to meet both requirements jointly, the present book is equipped with a lot of challenging problems at the end of each chapter as well as with the corresponding detailed solutions. Thus the virtual text - augmented with more than 60 basic examples and 40 illustrative figures - is rather easy to read while a part of the technical arguments is transferred to the exercise problems and their solutions.
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Revaluation Books
Exeter, United Kingdom
AbeBooks seller since January 6, 2003
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