The Brownian Motion von Andreas Löffler | A Rigorous but Gentle Introduction for Economists | ISBN 9783030201029

The Brownian Motion

A Rigorous but Gentle Introduction for Economists

von Andreas Löffler und Lutz Kruschwitz
Mitwirkende
Autor / AutorinAndreas Löffler
Autor / AutorinLutz Kruschwitz
Buchcover The Brownian Motion | Andreas Löffler | EAN 9783030201029 | ISBN 3-030-20102-3 | ISBN 978-3-030-20102-9
“The textbook is excellent for economists and financial economists who want to understand a little deeper in the Brownian motion with this soft introduction.” (Weiping Li, zbMATH 1426.91005, 2020)

The Brownian Motion

A Rigorous but Gentle Introduction for Economists

von Andreas Löffler und Lutz Kruschwitz
Mitwirkende
Autor / AutorinAndreas Löffler
Autor / AutorinLutz Kruschwitz

This open access textbook is the first to provide Business and Economics Ph. D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without sacrificing the necessary mathematical formalism, making them accessible for readers with little or no previous knowledge of the field. It also includes mathematical definitions and the hidden stories behind the terms discussing why the theories are presented in specific ways.