By
Samuel Karlin, Stanford University and The Weizmann Institute of Science
Howard Taylor, U.S. Geological Survey, Boulder, Colorado, U.S.A.
Description
The purpose, level, and style of this new edition conform to the tenets set forth in the original preface. The authors continue with their
tack of developing simultaneously theory and applications, intertwined so that they refurbish and elucidate each other.
The authors
have made three main kinds of changes. First, they have enlarged on the topics treated in the first edition. Second, they have added
many exercises and problems at the end of each chapter. Third, and most important, they have supplied, in new chapters, broad introductory
discussions of several classes of stochastic processes not dealt with in the first edition, notably martingales, renewal and fluctuation
phenomena associated with random sums, stationary stochastic processes, and diffusion theory.
Audience:
Undergraduate and graduate students studying mathematics.
