| Document Type
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BL
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| Record Number
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809905
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| Doc. No
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GBB8L7678b623921
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| Main Entry
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Hassler, Uwe
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| Title & Author
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Stochastic processes and calculus : : an elementary introduction with applications /\ Uwe Hassler.
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| Series Statement
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Springer texts in business and economics,
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| Page. NO
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1 online resource (xviii, 391 pages) :: illustrations (some color)
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| ISBN
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9783319234281
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: 3319234285
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: 3319234277
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: 9783319234274
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9783319234274
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3319234277
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Abstract
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"This textbook gives a comprehensive introduction to stochastic processes and calculus in the fields of finance and economics, more specifically mathematical finance and time series econometrics. Over the past decades stochastic calculus and processes have gained great importance, because they play a decisive role in the modeling of financial markets and as a basis for modern time series econometrics. Mathematical theory is applied to solve stochastic differential equations and to derive limiting results for statistical inference on nonstationary processes. This introduction is elementary and rigorous at the same time. On the one hand it gives a basic and illustrative presentation of the relevant topics without using many technical derivations. On the other hand many of the procedures are presented at a technically advanced level: for a thorough understanding, they are to be proven. In order to meet both requirements jointly, the present book is equipped with a lot of challenging problems at the end of each chapter as well as with the corresponding detailed solutions. Thus the virtual text--augmented with more than 60 basic examples and 40 illustrative figures--is rather easy to read while a part of the technical arguments is transferred to the exercise problems and their solutions."--Publisher's description.
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| Subject
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Economics, Mathematical, Textbooks.
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Stochastic processes, Textbooks.
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Stochastic models, Textbooks.
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Stochastic integrals, Textbooks.
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Business Economics-- Statistics.
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Mathematics-- Applied.
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Business Economics-- Economics-- Macroeconomics.
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Business Economics-- Econometrics.
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Mathematics-- Game Theory.
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Probability statistics.
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Finance accounting.
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Macroeconomics.
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Econometrics.
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Game theory.
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| Subject
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Business Economics-- Economics-- Theory.
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| Subject
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Economic theory philosophy.
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| Subject
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Economics, Mathematical.
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| Subject
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Stochastic integrals.
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| Subject
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Stochastic models.
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| Subject
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Stochastic processes.
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| Dewey Classification
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330.1
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| LC Classification
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HB135.H37 2016
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