Applications to Finance and Insurance

  • Vincenzo Capasso
  • David Bakstein
Part of the Modeling and Simulation in Science, Engineering and Technology book series (MSSET)


The financial industry is one of the most influential driving forces behind the research into stochastic processes. This is due to the fact that it relies on stochastic models for valuation and risk management. But perhaps more surprisingly, it was also one of the main drivers that led to their initial discovery.


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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  • Vincenzo Capasso
    • 1
  • David Bakstein
    • 1
  1. 1.ADAMSS (Interdisciplinary Centre for Advanced Applied Mathematical and Statistical Sciences)Università degli Studi di MilanoMilanItaly

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