Random Processes in Physics and Finance |
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| Author:
| Lax, Melvin
Cai, Wei
Xu, Min |
| Series title: | Oxford Finance Ser. |
| ISBN: | 978-0-19-856776-9 |
| Publication Date: | Nov 2006 |
| Publisher: | Oxford University Press, Incorporated
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| Book Format: | Hardback |
| List Price: | USD $155.00 |
Book Description:
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This respected high-level text is aimed at students and professionals working on random processes in various areas, including physics and finance. The material is unique as it presents the theoretical framework of Lax's treatment of random processes, from basic probability theory to Fokker-Planck and Langevin Processes, and includes diverse applications, such as explanations of very narrow laser width, analytical solutions of the elastic Boltzmann transport equation, and a critical...
More DescriptionThis respected high-level text is aimed at students and professionals working on random processes in various areas, including physics and finance. The material is unique as it presents the theoretical framework of Lax's treatment of random processes, from basic probability theory to Fokker-Planck and Langevin Processes, and includes diverse applications, such as explanations of very narrow laser width, analytical solutions of the elastic Boltzmann transport equation, and a critical viewpoint of mathematics currently used in the world of finance.