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In the third edition of this classic the chapter on quantum Marcov processes has been replaced by a chapter on numerical treatment of stochastic differential equations to make the book even more valuable for practitioners.
- Sales Rank: #279851 in Books
- Brand: Brand: Springer
- Published on: 2009-01-16
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.20" w x 6.50" l, 1.90 pounds
- Binding: Hardcover
- 447 pages
- Used Book in Good Condition
Review
From the reviews of the fourth edition:
“This is the fourth edition of a textbook intended for everyone interested in practising stochastic processes. … this fourth one is ‘thoroughly revised and augmented, and has been completely reset. … this new edition is designed to cater better for the wider readership as well as to those [he] originally had in mind’. … The bibliography is well presented, with a list of the references cited in each chapter, a commented global bibliography and an author index.” (Yves Elskens, Belgian Physical Society Magazine, Issue 2, 2012)
From the Back Cover
This fourth edition of the classic text "A Handbook of Stochastic Methods" has been significantly augmented, thoroughly revised, and restructured to accomodate the new material within a systematic logical framework. This new edition adheres the original aim: "to make available in simple language and deductive form, the many formulae and methods that can be found in the literature on stochastic methods."
A new chapter on the applications of stochastic methods in finance provides an introduction to this field using the same simple kind of language as the other parts of the book. This chapter also includes an introduction to Lévy processes, which have found to be very useful in simulating financial systems where more accuracy is required than is available from simple Brownian motion models. New material is also provided on the approach to the white noise limit, on the applications of Poisson representation methods to population dynamics, and on several other applications of stochastic methods.
From the reviews of previous editions
"Extremely well written and informative... clear, complete, and fairly rigorous treatment of a larger number of very basic concepts in stochastic theory." (Journal of Quantum Electronics)
"A first class book." (Optica Acta)
"Ideal for people who need a clear introduction to stochastic mathematics and their applications in physical sciences… an excellent self study and reference book." (Quantnotes.com)
"This well-established volume takes a supreme position [among the many books on the subject].. This extremely valuable contribution to the field of applied stochastic methods can be recommended to graduate students, researchers, and university teachers." (Optimization)
Most helpful customer reviews
5 of 6 people found the following review helpful.
::: UPDATE - issue fixed! ::: [4th edition, softbound: This is a PRINT QUALITY review only!!!]
By LYM
::: Update::: Issue fixed by direct Springer replacement!!! Springer kindly sent new copy from U.K. print-shop and now it is perfect. (Original problemnatic print was from Lexington, KY, U.S.A. print-shop.)
Do not buy this book until Springer production fixes the printing machine (Lexington, KY as of June 2012). The print quality is 4th rate! Worst than many special, cheaper region specific edition books. The first, brand new book I received was kindly and quickly replaced by Amazon - great service. However, the low-contrast, highly-pixelated print throughout the book was exactly the same. I got tired of asking for yet another replacement because the problem obviously was/is with the printing machine, not Amazon. I e-mailed Springer about the two successive bad print quaility copies maybe a month ago - no response yet. Springer post-sales service quality = ??? Very, very surprising. (As for the contents - I'm not qualified to make expert comments on the material / presentation / organization - it does look very interesting & well-organized! I have a physics background.)
2 of 2 people found the following review helpful.
Must-have for all stochastic processes calculations
By Melanie
This book is awesome for learning how to do calculations on stochastic processes. even more important, it's also useful for referencing later when you need to do these calculations in your own projects. There's good reason this book is a classic!
0 of 0 people found the following review helpful.
very useful book
By Frank Inkland
Two books on stochastic methods I love most are Gardiner's Stochastic Methods and Van Kampen's stochastic processes
in physics and chemistry. Both books are very informative, but their contents are not identical and even when the same topics
are discussed two authors' expositions are often different, so it would be much more desirable if both books are available at the
same time. In brief, this is a great book by an expert in quantum noise and quantum optics.
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