-20%
Stochastic Exponential Growth and Lattice Gases
Original price was: ₹4,990.00.₹3,993.00Current price is: ₹3,993.00.
The book discusses a class of discrete time stochastic growth processes for which the growth rate is proportional to the exponential of a Gaussian Markov process. These growth processes appear naturally in problems of mathematical finance as discrete time approximations of stochastic volatility models and stochastic interest rates models such as the Black-Derman-Toy and Black-Karasinski models.
-20%
Stochastic Exponential Growth and Lattice Gases
Original price was: ₹4,990.00.₹3,993.00Current price is: ₹3,993.00.
The book discusses a class of discrete time stochastic growth processes for which the growth rate is proportional to the exponential of a Gaussian Markov process. These growth processes appear naturally in problems of mathematical finance as discrete time approximations of stochastic volatility models and stochastic interest rates models such as the Black-Derman-Toy and Black-Karasinski models.