Book Details


The Brownian Motion : A Rigorous but Gentle Introduction for Economists

Publication year: 2019

ISBN: 978-3-030-20103-6

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This textbook is the first to provide Business and Economics 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.

Subject: Economics and Finance / Brownian motion / Lebesgue integral / Random variables / Measurement theory / Set theory / Financial theory / Stochastics / Expectation / Wiener construction / Measures / Economic Theory / Quantitative Economics / Mathematical Methods / Business Finance / Quantitative Finance / Statistics for Business, Management, Economics, Finance, Insurance