An Introduction to Continuous-Time Stochastic Processes

Name: An Introduction to Continuous-Time Stochastic Processes
Brand: Springer Nature
SKU: 9780817644284
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An Introduction to Continuous-Time Stochastic Processes

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Springer Nature

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9780817644284

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This book is a systematic, rigorous, and self-consistent introduction to the theory of continuous-time stochastic processes. But it is neither a tract nor a recipe book as such; rather, it is an account of fundamental concepts as they appear in relevant modern applications and literature. We make no pretense of it being complete. Indeed, we have omitted many results, which we feel are notdirectly relatedtothemain themeorthatare availablein easilyaccessible sources. (Thosereaderswhoareinterestedinthehistoricaldevelopmentofthe subject cannot ignore the volume edited by Wax (1954). ) Proofs are often omitted as technicalities might distract the reader from a conceptual approach. They are produced whenever they may serve as a guide to the introduction of new concepts and methods towards the app- cations; otherwise, explicit references to standard literature are provided. A mathematically oriented student may ?nd it interesting to consider proofs as exercises. The scope of the book is profoundly educational, related to modeling re- world problems with stochastic methods. The reader becomes critically aware oftheconceptsinvolvedincurrentappliedliterature,andismoreoverprovided with a ?rm foundation of the mathematical techniques. Intuition is always supported by mathematical rigor. Our book addresses three main groups: ?rst, mathematicians working in a di?erent ?eld; second, other scientists and professionals from a business or academic background; third, graduate or advanced undergraduate students of a quantitative subject related to stochastic theory and/or applications.

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