Overview: Introduces readers to the theory of continuous-time stochastic processes using real-life examples in medicine, finance, and biology.Includes updated exercises, examples, and material based on advancesThis textbook, now in its fourth edition, offers a rigorous and self-contained introduction to the theory of continuous-time stochastic processes, stochastic integrals, and stochastic differential equations. Expertly balancing theory and applications, it features concrete examples of modeling real-world problems from biology, medicine, finance, and insurance using stochastic methods. No
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