9783540976554-3540976558-Brownian Motion And Stochastic Calculus (Graduate Texts in Mathematics S.)

Brownian Motion And Stochastic Calculus (Graduate Texts in Mathematics S.)

ISBN-13: 9783540976554
ISBN-10: 3540976558
Author: Juliana Horatia Gatty Ewing, Ioannis Karatzas, S. E. Shreve
Publication date: 2016
Publisher: Springer Verlag
Format: Paperback 470 pages
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Book details

ISBN-13: 9783540976554
ISBN-10: 3540976558
Author: Juliana Horatia Gatty Ewing, Ioannis Karatzas, S. E. Shreve
Publication date: 2016
Publisher: Springer Verlag
Format: Paperback 470 pages

Summary

Brownian Motion And Stochastic Calculus (Graduate Texts in Mathematics S.) (ISBN-13: 9783540976554 and ISBN-10: 3540976558), written by authors Juliana Horatia Gatty Ewing, Ioannis Karatzas, S. E. Shreve, was published by Springer Verlag in 2016. With an overall rating of 3.8 stars, it's a notable title among other books. You can easily purchase or rent Brownian Motion And Stochastic Calculus (Graduate Texts in Mathematics S.) (Paperback) from BooksRun, along with many other new and used books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.56.

Description

Designed as a text for graduate courses in stochastic processes, this book is intended for readers familiar with measure-theoretic probability and discrete-time processes who wish to explore stochastic processes in continuous time. The vehicle chosen for this exposition is Brownian motion, which is presented as the canonical example of both a martingale and a Markov process with continuous paths. In this context, the theory of stochastic integration and stochastic calculus is developed. The power of this calculus is illustrated by results concerning representations of martingales and change of measure on Wiener space, and this in turn permits a presentation of recent advances in financial economics (options pricing and consumption/investment optimization).
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