The Brownian Motion

A Rigorous but Gentle Introduction for Economists

by Andreas Löffler, Lutz Kruschwitz

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Book Description

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.

This open book is licensed under a Creative Commons License (CC BY). You can download The Brownian Motion ebook for free in PDF format (2.6 MB).

Book Details

Subject
Economics and Finance
Publisher
Springer
Published
2019
Pages
130
Edition
1
Language
English
ISBN13
9783030201029
ISBN10
3030201023
ISBN13 Digital
9783030201036
ISBN10 Digital
3030201031
PDF Size
2.6 MB
License
CC BY

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