How Long to Read Inhomogeneous Random Evolutions and Their Applications

How Long Does it Take to Read Inhomogeneous Random Evolutions and Their Applications?

It takes the average reader 3 hours and 50 minutes to read Inhomogeneous Random Evolutions and Their Applications by Anatoliy Swishchuk

Assuming a reading speed of 250 words per minute. Learn more

Description

Inhomogeneous Random Evolutions and Their Applications explains how to model various dynamical systems in finance and insurance with non-homogeneous in time characteristics. It includes modeling for: financial underlying and derivatives via Levy processes with time-dependent characteristics; limit order books in the algorithmic and HFT with counting price changes processes having time-dependent intensities; risk processes which count number of claims with time-dependent conditional intensities; multi-asset price impact from distressed selling; regime-switching Levy-driven diffusion-based price dynamics. Initial models for those systems are very complicated, which is why the author’s approach helps to simplified their study. The book uses a very general approach for modeling of those systems via abstract inhomogeneous random evolutions in Banach spaces. To simplify their investigation, it applies the first averaging principle (long-run stability property or law of large numbers [LLN]) to get deterministic function on the long run. To eliminate the rate of convergence in the LLN, it uses secondly the functional central limit theorem (FCLT) such that the associated cumulative process, centered around that deterministic function and suitably scaled in time, may be approximated by an orthogonal martingale measure, in general; and by standard Brownian motion, in particular, if the scale parameter increases. Thus, this approach allows the author to easily link, for example, microscopic activities with macroscopic ones in HFT, connecting the parameters driving the HFT with the daily volatilities. This method also helps to easily calculate ruin and ultimate ruin probabilities for the risk process. All results in the book are new and original, and can be easily implemented in practice.

How long is Inhomogeneous Random Evolutions and Their Applications?

Inhomogeneous Random Evolutions and Their Applications by Anatoliy Swishchuk is 230 pages long, and a total of 57,500 words.

This makes it 78% the length of the average book. It also has 70% more words than the average book.

How Long Does it Take to Read Inhomogeneous Random Evolutions and Their Applications Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 14 minutes to read Inhomogeneous Random Evolutions and Their Applications aloud.

What Reading Level is Inhomogeneous Random Evolutions and Their Applications?

Inhomogeneous Random Evolutions and Their Applications is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Inhomogeneous Random Evolutions and Their Applications?

Inhomogeneous Random Evolutions and Their Applications by Anatoliy Swishchuk is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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