Stochastic World

By Sergey S. Stepanov

Subjects: Distribution (Probability theory), Mathematical physics, Statistics for Social Science, Behavorial Science, Education, Public Policy, and Law, Mathematics, Electronic data processing, Numeric Computing, Differential equations, Probability Theory and Stochastic Processes, Mathematical Methods in Physics, Statistics for Engineering, Physics, Computer Science, Chemistry and Earth Sciences, Statistics

Description: This book is an introduction into stochastic processes for physicists, biologists and financial analysts. Using an informal approach, all the necessary mathematical tools and techniques are covered, including the stochastic differential equations, mean values, probability distribution functions, stochastic integration and numerical modeling. Numerous examples of practical applications of the stochastic mathematics are considered in detail, ranging from physics to the financial theory. A reader with basic knowledge of the probability theory should have no difficulty in accessing the book content.