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Elementary Probability Theory

Name: Elementary Probability Theory
Brand: Springer-Verlag New York Inc.
SKU: 01384471
Price: 90.27 EUR
Availability: InStock
Author: Kai Lai Chung
ISBN: 9780387955780

With Stochastic Processes and an Introduction to Mathematical Finance

Kai Lai Chung

Farid Aitsahlia

Language

English

Book Hardback

Libristo code: 01384471

Publishers Springer-Verlag New York Inc., July 2006

This book is an introductory textbook on probability theory and its applications. Basic concepts suc... Full description

Libristo code: 01384471

219 b

90.27 €

176.56 лв

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This book is an introductory textbook on probability theory and its applications. Basic concepts such as probability measure, random variable, distribution, and expectation are fully treated without technical complications. Both the discrete and continuous cases are covered, but only the elements of calculus are used in the latter case.The emphasis is on essential probabilistic reasoning, amply motivated, explained and illustrated with a large number of carefully selected samples. Special topics include: combinatorial problems, urn schemes, Poisson processes, random walks, and Markov chains. Problems and solutions are provided at the end of each chapter. Its elementary nature and conciseness make this a useful text not only for mathematics majors, but also for students in engineering and the physical, biological, and social sciences.This edition adds two chapters covering introductory material on mathematical finance as well as expansions on stable laws and martingales. Foundational elements of modern portfolio and option pricing theories are presented ina detailed and rigorous manner. This approach distinguishes this text from others, which are either too advanced mathematically or cover significantly more finance topics at the expense of mathematical rigor.