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ISBN13: 9780671887254 ISBN10: 0671887254 Material Type: paperback
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Essentials of Stochastic Processes (Springer Texts in Statistics) Spies & Politics ISBN13: 9780671887254 ISBN10: 0671887254 MaterialStochastic processes have become important for many fields, including mathematical finance and engineering. Written by one of the worlds leading probabilists, this book presents recent results previously available only in specialized monographs. It features the introduction and use of martingales, which allow readers to do much more with Brownian motion, e. g., applications to option pricing, and integrates queueing theory into the presentation of