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Chapman and Hall/CRC Probability and Stochastic Modeling Book

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Description

Expand your mathematical knowledge with Probability and Stochastic Modeling: The Mathematics of Insurance, Second Edition. Published by Chapman and Hall/CRC, this text goes beyond traditional introductory probability courses. It provides deep coverage of stochastic modeling, including Markov chains, birth-death processes, and reliability models. Designed to bridge the gap between undergraduate studies and advanced application, the book covers essential areas such as martingales, risk evaluation, and the classification of dependency structures. Students and professionals can utilize the numerous examples, exercises, and models built from real-world data to understand the practical uses and limitations of different mathematical approaches. This edition is a comprehensive resource for mastering the math behind insurance and complex stochastic systems.

Key Features

This Chapman and Hall/CRC textbook covers all topics found in a traditional introductory probability course.

The content focuses on stochastic modeling through Markov chains, birth-death processes, and reliability models.

Advanced mathematical areas such as martingales and risk evaluation are included for deeper study.

Real-world data is used in numerous examples and exercises to demonstrate practical mathematical applications.

The second edition provides a detailed classification of dependency structures for complex modeling.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
04 August 2021
Listed Since
21 January 2011

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