The second edition, published by Springer , includes several significant updates:
: Revised discussion on credit risk to reflect the market upheavals following the 2008 financial crisis. Target Audience Stochastic Processes: From Physics to Finance
The book is available through several retailers in both hardcover and paperback formats: Stochastic Processes: From Physics to Finance - Amazon.com The second edition, published by Springer , includes
: New content covering the mathematical definition of extreme events and their role in financial crashes. The second edition
: It introduces econophysics —an emerging field for understanding stochastic price behavior through the lens of physics-based models.