Nikita Ratanov: 1 book

Book cover of Telegraph Processes and Option Pricing
by Alexander D. Kolesnik, Nikita Ratanov
Language: English
Release Date: October 18, 2013

The telegraph process is a useful mathematical model for describing the stochastic motion of a particle that moves with finite speed on the real line and alternates between two possible directions of motion at random time instants. That is why it can be considered as the finite-velocity counterpart...
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