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Alexander D. Kolesnik
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  • Telegraph Processes and Option Pricingby Alexander D. Kolesnik; Nikita Ratanov

    Springer Berlin Heidelberg 2013; US$ 53.67

    The telegraph process is a useful mathematical model for describing the stochastic motion of a particle that moves with finite speed on the real line and alternates between two possible directions of motion at random time instants. That is why it can be considered as the finite-velocity counterpart of the classical Einstein-Smoluchowski's model of... more...

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