Re: Introduction to stochastic processes.

newsuser@xxxxxxxxx wrote:

I'm in search for a proper introduction to stochastic processes. I'm
mainly interrested in the impact of absorbing walls on the the
resulting distributions. I want to apply this to financial markets. I'm
no maths buf, but I'm not completely ignorant about the subject as I
had a tiny introduction into the subject during my study. I already did
a websearch but did not find what I need (possibly used incorrect
search criteria) and had a look at amazon, but the choice of books is
large so don't know what to order.

Has any-one good reading suggestions for me? Webresources or books both
fine with me.


Ross SM, Introduction to Probability Models is probability written at the appropriate level for someone with your background. You can probably find a used copy cheap, as it is widely used (at least in the United States - I have no idea about the Netherlands). No need to get the latest edition - the additions are minor, included to make money for the publisher.

--
Stephen J. Herschkorn sjherschko@xxxxxxxxxxxx
Math Tutor on the Internet and in Central New Jersey and Manhattan


.