Skip to main content
Cover for Stochastic Processes and Models

Stochastic Processes and Models

David Stirzaker

Paperback

List Price: 77.00*
* Individual store prices may vary.

Other Editions of This Title:
Hardcover (9/15/2005)

Description

Stochastic Processes and Models provides a concise and lucid introduction to simple stochastic processes and models. Including numerous exercises, problems and solutions, it covers the key concepts and tools, in particular: randon walks, renewals, Markov chains, martingales, the Wiener process model for Brownian motion, and diffusion processes, concluding with a brief account of the stochastic integral and stochastic differential equations as they arise in option-pricing. The text has been thoroughly class-tested and is ideal for an undergraduate second course in probability for students of statistics, mathematics, finance and operational research.

Oxford University Press, USA, 9780198568148, 344pp.

Publication Date: September 15, 2005