A First Look At Stochastic Processes is popular PDF and ePub book, written by Jeffrey S Rosenthal in 2019-09-26, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, A First Look At Stochastic Processes can be Read Online from any device for your convenience.
A First Look At Stochastic Processes Book PDF Summary
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 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 fascinating subject as easily and painlessly as possible.
Detail Book of A First Look At Stochastic Processes PDF
- Author : Jeffrey S Rosenthal
- Release : 26 September 2019
- Publisher : World Scientific
- ISBN : 9789811207921
- Genre : Mathematics
- Total Page : 213 pages
- Language : English
- PDF File Size : 16,8 Mb
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