The application presents and definition, creation and handling of jump-diffusion processes. In general, jump-diffusion is an extension to the theory of stochastic processes where the underlying parameters exhibit shocks and "jump" to their new values. Stochasticity with jumps is well recognised in several scientific branches including physics, chemistry, biology, but also economic and finance. The application looks at the example of the last-mentioned fields where the theory of jump-diffusions has been particularly actively researched and applied.
Editor's Choice
Daniel Skoog
John Ogilvie
Maplesoft
Dr. Giuseppe Guarino
Igor Hlivka
Dr. Robert Lopez
Yumi Mizuno
I. Hlivka
José Luis Gómez Pardo
Wayne Allen
