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Books > Science & Mathematics > Physics > States of matter > Condensed matter physics (liquids & solids)
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Random Processes in Physics and Finance (Paperback)
Loot Price: R2,021
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Random Processes in Physics and Finance (Paperback)
Series: Oxford Finance Series
Expected to ship within 10 - 15 working days
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This text is aimed at professionals and students working on random
processes in various areas, including physics and finance. The
first author, Melvin Lax (1922-2002), was a distinguished Professor
of Physics at City College of New York and a member of the U. S.
National Academy of Sciences, widely known for his contribution on
random processes in physics. Most chapters of this book are the
outcome of the class notes which Lax taught at the City University
of New York from 1985 to 2001. The material is unique as it
presents the theoretical framework of Lax's treatment of random
processes, starting from basic probability theory, to Fokker-Planck
and Langevin Processes, and includes diverse applications, such as
explanation of very narrow laser width and analytical solution of
the elastic Boltzmann transport equation. Lax's critical viewpoint
on mathematics currently used in the financial world is also
presented in this book.
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