Stochastic Processes with Applications to Finance

Stochastic Processes with Applications to Finance

Number of page: 288
Author: Masaaki Kijima
Publisher: CRC Press
Rating:
Category: Mathematics

In recent years, modeling financial uncertainty using stochastic processes has become increasingly important, but it is commonly perceived as requiring a deep mathematical background. Stochastic Processes with Applications to Finance shows that this is not necessarily so. It presents the theory of discrete stochastic processes and their applications in finance in an accessible treatment that strikes a balance between the abstract and the practical.Using an approach that views sophisticated stochastic calculus as based on a simple class of discrete processes-