An Introduction to Continuous-Time Stochastic Processes: Theory, Models, and Applications to Finance, Biology, and Medicine

This textbook, now in its fourth edition, offers a rigorous and self-contained introduction to the theory of continuous-time shastic processes, shastic integrals, and shastic differential equations. Expertly balancing theory and applications, it features concrete examples of modeling real-world problems from biology, medicine, finance, and insurance using shastic methods. No previous knowledge of shastic processes is required. Unlike other books on shastic methods that specialize in a speci...