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    3. Urn Models and Their Applications in Finance

    Urn Models and Their Applications in Finance

    Posted By: hill0
    Date: 5 Jun 2025 17:07:27
    Urn Models and Their Applications in Finance

    Urn Models and Their Applications in Finance
    English | 2025 | ISBN: 9819638240 | 430 Pages | PDF EPUB (True) | 25 MB

    This fascinating book begins with fundamental definitions and notations of urn models before moving on to stochastic processes and applications of urn models in the field of finance. The Pólya urn model is simple but has rich content and diverse applications because it includes correlations. Applications of Pólya models such as phase transitions in nonlinear Pólya models are studied here, and the relation between temporal correlation and phase transition is also discussed.
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