A First Look At Stochastic Processes by Jeffrey S RosenthalA First Look At Stochastic Processes by Jeffrey S Rosenthal

A First Look At Stochastic Processes

byJeffrey S Rosenthal

Hardcover | February 14, 2020

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This textbook introduces the theory of stochastic processes, that is, randomness which proceeds in time. Using concrete examples like repeated gambling and jumping frogs, it presents fundamental mathematical results through simple, clear, logical theorems and examples. It covers in detail such essential material as Markov chain recurrence criteria, the Markov chain convergence theorem, and optional stopping theorems for martingales. The final chapter provides a brief introduction to Brownian motion, Markov processes in continuous time and/or space, Poisson processes, and renewal theory.Interspersed throughout are applications to such topics as gambler's ruin probabilities, random walks on graphs, sequence waiting times, branching processes, stock option pricing, and Markov Chain Monte Carlo (MCMC) algorithms.The focus is always on making the theory as well-motivated and accessible as possible, to allow students and readers to learn this amazing subject as easily and painlessly as possible.
Title:A First Look At Stochastic ProcessesFormat:HardcoverDimensions:200 pagesPublished:February 14, 2020Publisher:World Scientific PublishingLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:9811207909

ISBN - 13:9789811207907

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