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Stochastic Processes - From Physics to Finance (Hardcover, 2nd ed. 2013) Loot Price: R2,312
Discovery Miles 23 120
Stochastic Processes - From Physics to Finance (Hardcover, 2nd ed. 2013): Wolfgang Paul, Jorg Baschnagel
Stochastic Processes - From Physics to Finance (Hardcover, 2nd ed. 2013): Wolfgang Paul, Jorg Baschnagel

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Stochastic Processes - From Physics to Finance (Hardcover, 2nd ed. 2013)

Wolfgang Paul, Jorg Baschnagel

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Loot Price R2,312 Discovery Miles 23 120 | Repayment Terms: R215 pm x 12*

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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.

General

Imprint: Springer International Publishing AG
Country of origin: Switzerland
Release date: July 2013
First published: 2013
Authors: Wolfgang Paul • Jorg Baschnagel
Dimensions: 235 x 155 x 17mm (L x W x T)
Format: Hardcover - Laminated cover
Pages: 280
Edition: 2nd ed. 2013
ISBN-13: 978-3-319-00326-9
Barcode: 9783319003269
Categories: Promotions
Books > Science & Mathematics > Mathematics > Applied mathematics
Books > Science & Mathematics > Mathematics > Applied mathematics > General
Books > Professional & Technical > Technology: general issues > Engineering: general
Books > Business & Economics > Finance & accounting > Finance
Books > Business & Economics > Finance & accounting > Finance > General
Books > Money & Finance > General
Books > Science & Mathematics > Physics
Books > Science & Mathematics > Physics > General
LSN: 3-319-00326-7

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