Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.
You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.
After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.
Requires only minimum prior knowledge of probability theory
Ideally suited for professionals who want to quickly grasp the material
Contains problems with detailed solutions in the appendix
Written by an expert in the field
This book is an introduction into stochastic processes for physicists, biologists and financial analysts. Using an informal approach, all the necessary mathematical tools and techniques are covered, including the stochastic differential equations, mean values, probability distribution functions, stochastic integration and numerical modeling. Numerous examples of practical applications of the stochastic mathematics are considered in detail, ranging from physics to the financial theory. A reader with basic knowledge of the probability theory should have no difficulty in accessing the book content.
Content Level »Research
Keywords »Brownian Motion - Feller Process - Fokker-Planck Equation - Ito Calculus - Ito Lemma - Ornstein-Uhlenbeck Process - Random Processes - Stochastic Oscillator