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Semi-Markov migration models for credit risk
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ISBN: 111941508X 111941511X Year: 2017 Publisher: London, England ; Hoboken, New Jersey : ISTE : Wiley,

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Book
Stock markets
Authors: --- ---
ISBN: 9781628089233 1628089237 9781628087512 162808751X Year: 2013 Publisher: New York

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Much effort has gone into the study of financial markets and how prices vary with time. The usual approach of random walk is known to be inadequate to fully describe price dynamics. In this book, many different approaches are provided that use alternative and more adequate models. This book also examines the renewal theory in actuarial science. A simple actuarial model can be simulated well by means of this kind of stochastic process. A method dealing with the numerical solution of the renewal equation is presented. In addition, based on a theoretical model for opinion spreading on a network,

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