Undergraduate Texts in Mathematics

Elementary Probability Theory

With Stochastic Processes and an Introduction to Mathematical Finance

Authors: Chung, Kai Lai, AitSahlia, Farid

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eBook $69.99
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  • ISBN 978-0-387-21548-8
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Hardcover $99.00
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  • ISBN 978-0-387-95578-0
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Softcover $99.00
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  • ISBN 978-1-4419-3062-0
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About this Textbook

In this edition two new chapters, 9 and 10, on mathematical finance are added. They are written by Dr. Farid AitSahlia, ancien eleve, who has taught such a course and worked on the research staff of several industrial and financial institutions. The new text begins with a meticulous account of the uncommon vocab­ ulary and syntax of the financial world; its manifold options and actions, with consequent expectations and variations, in the marketplace. These are then expounded in clear, precise mathematical terms and treated by the methods of probability developed in the earlier chapters. Numerous graded and motivated examples and exercises are supplied to illustrate the appli­ cability of the fundamental concepts and techniques to concrete financial problems. For the reader whose main interest is in finance, only a portion of the first eight chapters is a "prerequisite" for the study of the last two chapters. Further specific references may be scanned from the topics listed in the Index, then pursued in more detail.

About the authors
Reviews

"In spite of the original edition of the book being nearly thirty years old, the text still has its role to play in first and second year undergraduate probability courses. It provides an excellent foundation to more advanced courses in the subject."
Short Book Reviews, Vol. 23/3, Dec. 2003

"This edition is the third revision of a text on mathematical probability first published in 1974. The text is aimed at undergraduate mathematics students and is accessible to a general audience. The prose is accurate, entertaining, and dense with historical tidbits. Two concluding chapters on mathematical finance have been added to the eight chapters in the third edition by the second author." The American Statistician, May 2004

From the reviews of the fourth edition:

"The main novelty in the fourth edition of this well-written book is the addition of new chapters … . The new chapters share the friendly yet rigorous style of the former ones. They begin with an account of the financial vocabulary, which is then expounded in probabilistic terms. … Almost thirty years after its first edition, this charming book continues to be an excellent text for teaching and for self study." (Ricardo Maronna, Statistical Papers, Vol. 45 (4), 2004)


Table of contents (10 chapters)

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-0-387-21548-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.00
price for USA
  • ISBN 978-0-387-95578-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $99.00
price for USA
  • ISBN 978-1-4419-3062-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Elementary Probability Theory
Book Subtitle
With Stochastic Processes and an Introduction to Mathematical Finance
Authors
Series Title
Undergraduate Texts in Mathematics
Copyright
2003
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-0-387-21548-8
DOI
10.1007/978-0-387-21548-8
Hardcover ISBN
978-0-387-95578-0
Softcover ISBN
978-1-4419-3062-0
Series ISSN
0172-6056
Edition Number
4
Number of Pages
XIV, 404
Topics