Title
Applied Stochastic Control of Jump Diffusions,New
Sold by Ergodebooks, an authorized reseller.
Returns accepted within 30 days | support@ergodebooks.com
Shipping Information
- Free Standard Shipping — United States only
- Processing Time: 1–3 business days
- Estimated Delivery: 3–5 business days after dispatch
- Double-boxed, fully insured & discreetly packaged
- Tracking number sent via email once dispatched
- Orders over $250 require signature upon delivery. Taxes calculated at checkout.
Returns & Refund
Returns accepted within 30 days of delivery.
Damaged or Defective Item
Free return shipping + replacement or full refund
Wrong Item Received
Free return shipping + replacement or full refund
Change of Mind
Return shipping at customer's expense · 25% restocking fee applies
Payment Option
Here is a rigorous introduction to the most important and useful solution methods of various types of stochastic control problems for jump diffusions and its applications. Discussion includes the dynamic programming method and the maximum principle method, and their relationship. The text emphasises realworld applications, primarily in finance. Results are illustrated by examples, with endofchapter exercises including complete solutions. The 2nd edition adds a chapter on optimal control of stochastic partial differential equations driven by Lvy processes, and a new section on optimal stopping with delayed information. Basic knowledge of stochastic analysis, measure theory and partial differential equations is assumed.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count of this book? A: This book has two hundred sixty pages. It provides a comprehensive overview of stochastic control methods.
- Q: What is the binding type of this book? A: This book is available in paperback binding. This makes it lightweight and easy to carry.
- Q: What are the dimensions of this book? A: The book measures six inches in length, zero point five one inches in width, and nine point zero two inches in height.
- Q: Who is the author of this book? A: The author of this book is Bernt Øksendal. He is known for his expertise in stochastic control and finance.
- Q: What is the main subject of this book? A: The main subject is stochastic control of jump diffusions. It emphasizes practical applications, especially in finance.
- Q: How do I use this book for studying? A: You can use this book to understand stochastic control methods. It includes examples and end-of-chapter exercises for practice.
- Q: Is this book suitable for beginners? A: Yes, this book is suitable for those with basic knowledge of stochastic analysis. It builds on fundamental concepts in finance.
- Q: What level of math is required to understand this book? A: A basic understanding of stochastic analysis, measure theory, and partial differential equations is required. This knowledge will help in grasping the concepts.
- Q: How can I apply the concepts learned in this book? A: You can apply the concepts to real-world problems in finance. The book discusses various applications and methods in depth.
- Q: What should I do if I want to improve my understanding of the topics? A: You should actively work through the examples and exercises. The complete solutions provided will help clarify complex topics.
- Q: How do I care for this book? A: To keep this book in good condition, store it in a cool, dry place. Avoid exposure to moisture and direct sunlight.
- Q: Is this book durable for frequent handling? A: Yes, the paperback format is durable for regular handling. However, handle it with care to avoid creasing.
- Q: Can I share this book with others? A: Yes, you can share this book with others. It is a valuable resource for anyone interested in finance and stochastic control.
- Q: What if the book arrives damaged? A: If the book arrives damaged, contact the seller for a return or replacement. Most sellers have customer service for such issues.
- Q: Are there any additional resources related to this book? A: Yes, there are supplementary materials and research papers available online. These can enhance your understanding of stochastic control.
- Q: Is this book recommended for academic courses? A: Yes, this book is often recommended for academic courses in finance and stochastic processes. It covers essential topics thoroughly.