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Fluctuation Theory for Lévy Processes: Ecole d'Eté de Probabilités de Saint-Flour XXXV - 2005
Paperback
ISBN13: 9783540485100
Publisher: Springer
Published: Apr 19 2007
Pages: 155
Weight: 0.56
Height: 0.39 Width: 9.30 Depth: 6.57
Language: English
Lévy processes, that is, processes in continuous time with stationary and independent increments, form a flexible class of models, which have been applied to the study of storage processes, insurance risk, queues, turbulence, laser cooling, and of course finance, where they include particularly important examples having heavy tails. Their sample path behaviour poses a variety of challenging and fascinating problems, which are addressed in detail.
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