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An Application: Finance

  • Paolo Baldi
Chapter
Part of the Universitext book series (UTX)

Abstract

Stochastic processes are useful as models of random phenomena, among which a particularly interesting instance is given by the evolution of the values of financial (stocks, bonds, …) and monetary assets listed on the Stock Exchange.

References

  1. Musiela, M. and Rutkowski, M. (2005). Martingale methods in financial modelling, volume 36 of Stochastic Modelling and Applied Probability. Springer-Verlag, Berlin, second edition.Google Scholar

Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Paolo Baldi
    • 1
  1. 1.Dipartimento di MatematicaUniversità di Roma “Tor Vergata”RomaItaly

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