Stochastic calculus : a practical introduction /

This compact yet thorough text zeros in on the parts of the theory that are useful for applications to mathematical finance, queuing theory, biology, and physics. It begins with a description of Brownian motion and the associated stochastic calculus, including their relationship to partial different...

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Bibliographic Details
Main Author: Durrett, Richard, 1951-
Corporate Author: Taylor & Francis
Format: eBook
Language:English
Published: Boca Raton : CRC Press, ©1996.
Series:Probability and stochastics series.
Subjects:
Online Access:Connect to the full text of this electronic book
Description
Summary:This compact yet thorough text zeros in on the parts of the theory that are useful for applications to mathematical finance, queuing theory, biology, and physics. It begins with a description of Brownian motion and the associated stochastic calculus, including their relationship to partial differential equations. It solves stochastic differential equations by a variety of methods and studies in detail the one dimensional case. This time-saving book concludes by treating semigroups and generators, applying the theory of Harris chains to diffusions, and presenting a quick course in weak convergence of Markov chains to diffusions.
Physical Description:1 online resource
Bibliography:Includes bibliographical references and index.
ISBN:9780203738283
0203738284
9781351413749
1351413740
0849380715
9780849380716