The Brownian Motion: A Rigorous but Gentle Introduction for Economists

Author:   Andreas Löffler ,  Lutz Kruschwitz
Publisher:   Springer Nature Switzerland AG
Edition:   1st ed. 2019
ISBN:  

9783030201029


Pages:   125
Publication Date:   16 July 2019
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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The Brownian Motion: A Rigorous but Gentle Introduction for Economists


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Overview

This open access textbook is the first to provide Business and Economics Ph.D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without sacrificing the necessary mathematical formalism, making them accessible for readers with little or no previous knowledge of the field. It also includes mathematical definitions and the hidden stories behind the terms discussing why the theories are presented in specific ways. 

Full Product Details

Author:   Andreas Löffler ,  Lutz Kruschwitz
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   1st ed. 2019
Weight:   0.454kg
ISBN:  

9783030201029


ISBN 10:   3030201023
Pages:   125
Publication Date:   16 July 2019
Audience:   College/higher education ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Introduction.- Set Theory.- Measures and Probabilities.- Random Variables.- Expectation and Lebesque Integral.- Wiener's Construction of the Brownian motion.- Supplements.- References.- Index.

Reviews

“The textbook is excellent for economists and financial economists who want to understand a little deeper in the Brownian motion with this soft introduction.” (Weiping Li, zbMATH 1426.91005, 2020)


The textbook is excellent for economists and financial economists who want to understand a little deeper in the Brownian motion with this soft introduction. (Weiping Li, zbMATH 1426.91005, 2020)


Author Information

Andreas Löffler received his postdoctoral qualification (habilitation) in Mathematics and Economics from the University of Leipzig and Free University Berlin, Germany, and has been a Professor of Banking and Finance at the Department of Finance, Accounting and Taxation of the Free University of Berlin since 2012.   Lutz Kruschwitz is a Professor Emeritus of Banking and Finance at the Free University of Berlin, Germany.

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