Elementary Probability Theory by Kai Lai Chung
In this edition two new chapters, 9 and 10, on mathematical finance are added. They are written by Dr. Farid AitSahlia, ancien eleve, who has taught such a course and worked on the research staff of several industrial and financial institutions. The new text begins with a meticulous account of the uncommon vocab ulary and syntax of the financial world; its manifold options and actions, with consequent expectations and variations, in the marketplace. These are then expounded in clear, precise mathematical terms and treated by the methods of probability developed in the earlier chapters. Numerous graded and motivated examples and exercises are supplied to illustrate the appli cability of the fundamental concepts and techniques to concrete financial problems. For the reader whose main interest is in finance, only a portion of the first eight chapters is a "prerequisite" for the study of the last two chapters. Further specific references may be scanned from the topics listed in the Index, then pursued in more detail."In spite of the original edition of the book being nearly thirty years old, the text still has its role to play in first and second year undergraduate probability coursesIt provides an excellent foundation to more advanced courses in the subject."
Short Book Reviews, Vol. 23/3, Dec. 2003
"This edition is the third revision of a text on mathematical probability first published in 1974. The text is aimed at undergraduate mathematics students and is accessible to a general audience. The prose is accurate, entertaining, and dense with historical tidbits. Two concluding chapters on mathematical finance have been added to the eight chapters in the third edition by the second author." The American Statistician, May 2004
From the reviews of the fourth edition:
"The main novelty in the fourth edition of this well-written book is the addition of new chapters … . The new chapters share the friendly yet rigorous style of the former ones. They beginwith an account of the financial vocabulary, which is then expounded in probabilistic terms. … Almost thirty years after its first edition, this charming book continues to be an excellent text for teaching and for self study." (Ricardo Maronna, Statistical Papers, Vol. 45 (4), 2004)
| SKU | CIN038795578XVG |
| ISBN 13 | 9780387955780 |
| ISBN 10 | 038795578X |
| Title | Elementary Probability Theory |
| Author | Kai Lai Chung |
| Series | Undergraduate Texts In Mathematics |
| Condition | Very Good |
| Publisher | Springer-Verlag New York Inc. |
| Year published | 2003-02-14 |
| Number of pages | 404 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us |
