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Lévy Processes: Theory and Applications Softcover Repri Edition
Contributor(s): Barndorff-Nielsen, Ole E. (Editor), Mikosch, Thomas (Editor), Resnick, Sidney I. (Editor)

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ISBN: 1461266572     ISBN-13: 9781461266570
Publisher: Birkhauser
OUR PRICE: $189.99  

Binding Type: Paperback - See All Available Formats & Editions
Published: October 2012
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Additional Information
BISAC Categories:
- Mathematics | Probability & Statistics - General
- Mathematics | Applied
- Business & Economics | Operations Research
Dewey: 519
Physical Information: 0.89" H x 7" W x 10" L (1.66 lbs) 418 pages
Features: Bibliography
 
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Publisher Description:

A L vy process is a continuous-time analogue of a random walk, and as such, is at the cradle of modern theories of stochastic processes. The need for modeling jumps, bursts, extremes and other irregular behavior of phenomena in nature and society has led to a renaissance of the theory of general L vy processes. Researchers and practitioners in fields as diverse as physics, meteorology, statistics, insurance, and finance have rediscovered the simplicity of L vy processes and their enormous flexibility in modeling tails, dependence and path behavior.

This volume, with an excellent introductory preface, describes the state-of-the-art of this rapidly evolving subject with special emphasis on the non-Brownian world. It collects articles written by leading experts that will appeal to the non-specialist. An extensive bibliography at the end of each article makes this an invaluable comprehensive reference text.

For the researcher and graduate student, every article contains open problems and points out directions for future research. The accessible nature of the work makes this an ideal introductory text for graduate seminars in applied probability, stochastic processes, physics, finance, and telecommunications, and a unique guide to the world of L vy processes.

 
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