Fluctuations of Levy Processes with Applications

Discover the fascinating world of Levy processes in the insightful book, Fluctuations of Levy Processes with Applications by Springer-Verlag Berlin and Heidelberg GmbH & Co. KG. Published in 2014, this second edition spans an impressive 455 pages and delves deep into the theory and practical applications of Levy processes, focusing on their path fluctuations.

This comprehensive resource explores the decomposition of paths through excursions from the running maximum, providing readers with a clear understanding of both short- and long-term behavior. Ideal for researchers and practitioners alike, this book serves as an essential guide for those looking to enhance their knowledge in stochastic processes and their applications. Whether you're a student or a seasoned professional, Fluctuations of Levy Processes with Applications will equip you with the tools necessary to navigate this complex field with confidence.