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Probability and Stochastic Modeling
The Mathematics Of Insurance, Second Editon
- Editore:
Taylor & Francis Ltd
- EAN:
9780367380946
- ISBN:
0367380943
- Pagine:
- 508
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione Probability and Stochastic Modeling
This book not only covers all the topics found in a traditional introductory probability course, but also emphasizes stochastic modeling, including Markov chains, birth-death processes, and reliability models. Unlike most undergraduate-level probability texts, the book also focuses on increasingly important areas, such as martingales, classification of dependency structures, and risk evaluation. Numerous examples, exercises, and models using real-world data demonstrate the practical possibilities and restrictions of different approaches and help students grasp general concepts and theoretical results. A solutions manual is available with qualifying course adoption.
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