Random Dynamical Systems in Finance by Anatoliy Swishchuk and Shafiqul Islam
English | 2013 | ISBN: 1439867186 | 357 pages | PDF | 3,3 MB
The theory and applications of random dynamical systems (RDS) are at the cutting edge of research in mathematics and economics, particularly in modeling the long-run evolution of economic systems subject to exogenous random shocks. Despite this interest, there are no books available that solely focus on RDS in finance and economics. Exploring this emerging area, Random Dynamical Systems in Finance shows how to model RDS in financial applications.