This book has exerted a continuing appeal since its original publication in 1970. It develops the theory of probability from axioms on the expectation functional rather than on probability measure, demonstrates that the standard theory unrolls more naturally and economically this way, and that applications of real interest can be addressed almost immediately. A secondary aim of the original text was to introduce fresh examples and convincing applications, and that aim is continued in this edition, a general revision plus the addition of chapters giving an economical introduction to dynamic programming, that is then applied to the allocation problems represented by portfolio selection and the multi-armed bandit. The investment theme is continued with a critical investigation of the concept of risk-free'trading and the associated Black-Sholes formula, while another new chapter develops the basic ideas of large deviations. The book may be seen as an introduction to probability for students with a basic mathematical facility, covering the standard material, but different in that it is unified by its theme and covers an unusual range of modern applications.
"Sinopsis" puede pertenecer a otra edición de este libro.
This classical text, here presented in a third and completely rewritten edition, has been widely used as an introduction to probability. Its main aim is to present a straightforward introduction to the main concepts and applications of probability at an undergraduate level.All the main concepts of a first course in probability are covered including probability measures, independence, conditional probability, the basic limit theorems, and Markov processes.Review:
From the reviews of the fourth edition:
"... a clear success in its unorthodoxy, Probability via Expectation has become a treasured classic."
P.A.L. Emrechts in "Short Book Reviews", Vol. 21/1, April, 2001
"Apart from presenting a case for the development of probability theory by using the expectation operator rather than probability measure as the primitive notion, a second distinctive feature of this book is the very large range of modern applications that it covers. Many of these are addressed by more than 350 exercises interspersed throughout the text. In summary, this well written book is a ... introduction to probability theory and its applications." (Norbert Henze, Metrika, November, 2002)
"Originally published in 1970, this book has stood the test of time. ... the text demonstrates a modern alternative approach to a now classical field. ... The fourth edition contains a number of modifications and corrections. New material on dynamic programming, optimal allocation, options pricing and large deviations is included." (Martin T. Wells, Journal of the American Statistical Association, September 2001)
"Sobre este título" puede pertenecer a otra edición de este libro.
Descripción Springer, 2000. Estado de conservación: New. 4th edition, 352 pp., Hardcover, NEW!!. Nº de ref. de la librería ZB1089918
Descripción Springer. Estado de conservación: New. pp. xxi + 353. Nº de ref. de la librería 7562916
Descripción Estado de conservación: Brand New. Brand New Original US Edition, Perfect Condition. Printed in English. Excellent Quality, Service and customer satisfaction guaranteed!. Nº de ref. de la librería AIND-30595
Descripción Estado de conservación: New. New. US edition. Perfect condition. Customer satisfaction our priority. Nº de ref. de la librería ABE-FEB-37842
Descripción Estado de conservación: Brand New. New. US edition. Customer Satisfaction guaranteed!!. Nº de ref. de la librería SHUB37842
Descripción Estado de conservación: New. Brand New Original US Edition.We Ship to PO BOX Address also. EXPEDITED shipping option also available for faster delivery. Nº de ref. de la librería AUSBNEW-30595
Descripción Estado de conservación: Brand New. New, US edition. Excellent Customer Service. Nº de ref. de la librería ABEUSA-37842
Descripción Springer, 2000. Hardcover. Estado de conservación: New. book. Nº de ref. de la librería M0387989552
Descripción Springer, 2000. Hardcover. Estado de conservación: New. 4th. Nº de ref. de la librería DADAX0387989552
Descripción Springer, 2017. Hardcover. Estado de conservación: New. Never used! This item is printed on demand. Nº de ref. de la librería P110387989552