Fluctuation Theory for Lévy Processes: Ecole d'Eté de Probabilités de Saint-Flour XXXV - 2005: Ecole D'Ete De Probabilites De Saint-Flour Xxxv - 2005 ... / École d'Été de Probabilités de Saint-Flour)

by RonaldA.Doney (Author), JeanPicard (Editor)

• New

  Paperback
  2007

  $38.31

  Levy processes, that is, processes in continuous time with stationary and independent increments, form a flexible class of models, which have been applied to the study of storage processes, insurance risk, queues, turbulence, laser cooling, and of course finance, where they include particularly important examples having heavy tails. Their sample path behaviour poses a variety of challenging and fascinating problems, which are addressed in detail.