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Item Details
Title: RANDOM PROCESSES IN PHYSICS AND FINANCE
By: Melvin Lax, Wei Cai, Min Xu
Format: Hardback

List price: £122.50
Our price: £107.19
Discount:
12.5% off
You save: £15.31
ISBN 10: 0198567766
ISBN 13: 9780198567769
Availability: Usually dispatched within 1-3 weeks.
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Stock: Currently 0 available
Publisher: OXFORD UNIVERSITY PRESS
Pub. date: 5 October, 2006
Series: Oxford Finance Series
Pages: 344
Description: Melvin Lax was a member of the US National Academy of Sciences, and widely known for his contributions in the field of random processes in physics. This book uniquely presents Lax's theoretical treatment of random processes, including applications to laser and semiconductor physics, light propagation in scattering media, and investment decisions.
Synopsis: This respected high-level text is aimed at students and professionals working on random processes in various areas, including physics and finance. The first author, Melvin Lax (1922-2002) was a distinguished Professor of Physics at City College of New York and a member of the U. S. National Academy of Sciences, and is widely known for his contributions to our understanding of random processes in physics. Most chapters of this book are outcomes of the class notes which Lax taught at the City University of New York from 1985 to 2001. The material is unique as it presents the theoretical framework of Lax's treatment of random processes, from basic probability theory to Fokker-Planck and Langevin Processes, and includes diverse applications, such as explanations of very narrow laser width, analytical solutions of the elastic Boltzmann transport equation, and a critical viewpoint of mathematics currently used in the world of finance.
Illustrations: 30 line drawings
Publication: UK
Imprint: Oxford University Press
Returns: Returnable
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