Stochastic Processes: From Physics to Finance, 2nd Edition By Wolfgang Paul
English | EPUB | 2013 | 287 Pages | ISBN : 3319003267 | 2.99 MB
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.