Author:
Geoffrey R. Grimmett - David R. Stirzaker

ISBN 13:
9780198572220

ISBN 10:
198572220

Edition:
3

Publisher:
Oxford University Press

Publication Date:
2001-08-02

Format:
Paperback

Pages:
608

List Price:
$85.00

This book gives an introduction to probability and its many practical application by providing a thorough, entertaining account of basic probability and important random processes, covering a range of important topics. Emphasis is on modelling rather than abstraction and there are new sections on sampling and Markov chain Monte Carlo, renewal-reward, queueing networks, stochastic calculus, and option pricing in the Black-Scholes model for financial markets. In addition, there are almost 400 exercises and problems relevant to the material. Solutions can be found in **One Thousand Exercises** **in Probability**.