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Item Details
| Title:
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RANDOM PROCESSES IN PHYSICS AND FINANCE
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| By: |
Melvin Lax, Wei Cai, Min Xu |
| Format: |
Paperback |
| List price:
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£61.00 |
| Our price: |
£53.38 |
| Discount: |
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| You save:
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£7.62 |
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| ISBN 10: |
0199673802 |
| ISBN 13: |
9780199673803 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
rates
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| Stock: |
Currently 0 available |
| Publisher: |
OXFORD UNIVERSITY PRESS |
| Pub. date: |
22 August, 2013 |
| Series: |
Oxford Finance Series |
| Pages: |
344 |
| Description: |
This book uniquely presents the theoretical treatment of random processes in physics and finance, including applications to laser and semiconductor physics, light propagation in scattering media and investment decisions. |
| Synopsis: |
This text is aimed at professionals and students working on random processes in various areas, including physics and finance. The first author, Melvin Lax (1922-2002), was a distinguished Professor of Physics at City College of New York and a member of the U. S. National Academy of Sciences, widely known for his contribution on random processes in physics. Most chapters of this book are the outcome of the class notes which Lax taught at the City University of New York from 1985 to 2001. The material is unique as it presents the theoretical framework of Lax's treatment of random processes, starting from basic probability theory, to Fokker-Planck and Langevin Processes, and includes diverse applications, such as explanation of very narrow laser width and analytical solution of the elastic Boltzmann transport equation. Lax's critical viewpoint on mathematics currently used in the financial world is also presented in this book. |
| Illustrations: |
30 line drawings |
| Publication: |
UK |
| Imprint: |
Oxford University Press |
| Returns: |
Returnable |
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