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Stochastic Differential Equations in Science and Engineering

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Stochastic Differential Equations in Science and Engineering - Henderson, Douglas, and Plaschko, Peter
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Traditionally, non-quantum physics has been concerned with deterministic equations where the dynamics of the system are completely determined by initial conditions. A century ago the discovery of Brownian motion showed that nature need not be deterministic. However, it is only recently that there has been broad interest in nondeterministic and even chaotic systems, not only in physics but in ecology and economics. On a short term basis, the stock market is nondeterministic and often chaotic. Despite its significance, there ...

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Stochastic Differential Equations in Science and Engineering 2006, World Scientific Publishing Company

ISBN-13: 9789812562968

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