Probability & Statistics

Financial hedging refers to taking out investments in order to reduce or cancel the risk in another investment. Its purpose is to minimise unwanted...

In this book the authors consider so-called ill-posed problems and stability in statistics. Ill-posed problems are certain results where arbitrary ...

What is Big Data, and why should you care? Big data knows where you've been and who your friends are. It knows what you like and what makes you an...

The goal of this book is multidimensional: a) to help reviving Statistics education in many parts in the world where it is in crisis. For the first...

Did you know that chicken eggs can influence how computers generate random events? Or that humans can postpone death until after important ceremoni...

This book is designed for a graduate course in stochastic processes. It is written for the reader who is familiar with measure-theoretic probabilit...

The book presents a comprehensive development of effective numerical methods for stochastic control problems in continuous time. The process models...

The Handbook of Financial Econometrics and Statistics provides, in four volumes and over 100 chapters, a comprehensive overview of the primary met...

Why is it that incredibly unlikely phenomena actually happen quite regularly and why should we, in fact, expect such things to happen? Here, in thi...