7537611
9780198531852
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 sectionson 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 Exercisesin Probability.Grimmett, Geoffrey is the author of 'Probability and Random Processes (Oxford science publications)', published 1982 under ISBN 9780198531852 and ISBN 0198531850.
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