Books > Science & Mathematics > Mathematics > Applied mathematics > Stochastics
|
Buy Now
Random Evolutions and their Applications - New Trends (Hardcover, 2000 ed.)
Loot Price: R3,151
Discovery Miles 31 510
|
|
Random Evolutions and their Applications - New Trends (Hardcover, 2000 ed.)
Series: Mathematics and Its Applications, 504
Expected to ship within 10 - 15 working days
|
The book is devoted to the new trends in random evolutions and
their various applications to stochastic evolutionary sytems (SES).
Such new developments as the analogue of Dynkin's formulae,
boundary value problems, stochastic stability and optimal control
of random evolutions, stochastic evolutionary equations driven by
martingale measures are considered. The book also contains such new
trends in applied probability as stochastic models of financial and
insurance mathematics in an incomplete market. In the famous
classical financial mathematics Black-Scholes model of a (B, S)
market for securities prices, which is used for the description of
the evolution of bonds and stocks prices and also for their
derivatives, such as options, futures, forward contracts, etc., it
is supposed that the dynamic of bonds and stocks prices are set by
a linear differential and linear stochastic differential equations,
respectively, with interest rate, appreciation rate and volatility
such that they are predictable processes. Also, in the Arrow-Debreu
economy, the securities prices which support a Radner dynamic
equilibrium are a combination of an Ito process and a random point
process, with the all coefficients and jumps being predictable
processes."
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.