Stochastic Processes : From Physics to Finance

Language: English

Published by Springer, 2015

3319033786 / 9783319033785

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - This book introduces the theory of stochastic processes with applications taken from physics and finance. Fundamental concepts like the random walk or Brownian motion but also Levy-stable distributions are discussed. Applications are selected to show the interdisciplinary character of the concepts and methods. In the second edition of the book a discussion of extreme events ranging from their mathematical definition to their importance for financial crashes was included. The exposition of basic notions of probability theory and the Brownian motion problem as well as the relation between conservative diffusion processes and quantum mechanics is expanded. The second edition also enlarges the treatment of financial markets. Beyond a presentation of geometric Brownian motion and the Black-Scholes approach to option pricing as well as the econophysics analysis of the stylized facts of financial markets, an introduction to agent based modeling approaches is given.…

Seller Inventory # 9783319033785

Title
Stochastic Processes : From Physics to Finance
Author
Jörg Baschnagel
Publisher
Springer
Publication year
2015
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3319033786
ISBN 13
9783319033785
Item weight
452 grams
Dimensions
235x155x17 mm

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

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