| Book Description | Modelling with the Itô integral or stochastic differential equations has become increasingly important in various applied fields, including physics, biology, chemistry and finance. However, stochastic calculus is based on a deep mathematical theory.This book is suitable for the reader without a deep mathematical background. It gives an elementary introduction to that area of probability theory, without burdening the reader with a great deal of measure theory. Applications are taken from stochastic finance. In particular, the Black-Scholes option pricing formula is derived. The book can serve as a text for a course on stochastic calculus for non-mathematicians or as elementary reading material for anyone who wants to learn about Itô calculus and/or stochastic finance. |
Free & Easy Returns
Best Deals
![/fashion-men/jack_jones/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240305/4ef48af441e2b44cea1673cd2e4aff67/en_dk-men-brands-04.png)
![/fashion-men/seventy_five/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240305/4ef48af441e2b44cea1673cd2e4aff67/en_dk-womens-new-brands-01.png)
![/fashion-men/skechers/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240305/4ef48af441e2b44cea1673cd2e4aff67/en_dk-womens-new-brands-02.png)
![/fashion-women/mango/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240305/4ef48af441e2b44cea1673cd2e4aff67/en_dk-women-brands-05.png)
![/fashion-women/guess/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240305/4ef48af441e2b44cea1673cd2e4aff67/en_dk-women-brands-09.png)
![/fashion-women/ella/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20241812/en_dk-nav-brands-01.png)
![/fashion-women/skechers/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20241812/en_dk-nav-brands-02.png)
![/fashion/view-all-kids-clothing/nike/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240911/nav-web/en_mb_uae_brand-01.png)
![/fashion/view-all-kids-clothing/disney/disney_minnie_mouse/disney_frozen/disney_princess/disney_mickey_mouse/disney_baby/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240911/nav-web/en_mb_uae_brand-03.png)
![/fashion/view-all-kids-clothing/new_balance/?sort[by]=popularity&sort[dir]=desc&limit=50](https://a.nooncdn.com/cms/pages/20240911/nav-web/en_mb_uae_brand-11.png)
![/music-movies-and-tv-shows/musical-instruments-24670/pianos-keyboards-synthesizers/chloris/?sort[by]=popularity&sort[dir]=desc&limit=50&page=1&isCarouselView=false](https://f.nooncdn.com/cms/pages/20250407/books-nav/en_uae_dk-nav-brands-04.png)
![/music-movies-and-tv-shows/musical-instruments-24670/pianos-keyboards-synthesizers/roland/?sort[by]=popularity&sort[dir]=desc&limit=50&page=1&isCarouselView=false](https://f.nooncdn.com/cms/pages/20250407/books-nav/en_uae_dk-nav-brands-05.png)
![/music-movies-and-tv-shows/musical-instruments-24670/pianos-keyboards-synthesizers/donner/?sort[by]=popularity&sort[dir]=desc&limit=50&page=1&isCarouselView=false](https://f.nooncdn.com/cms/pages/20250407/books-nav/en_uae_dk-nav-brands-06.png)
![/music-movies-and-tv-shows/musical-instruments-24670/pianos-keyboards-synthesizers/korg/?sort[by]=popularity&sort[dir]=desc&limit=50&page=1&isCarouselView=false](https://f.nooncdn.com/cms/pages/20250407/books-nav/en_uae_dk-nav-brands-07.png)
