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Stochastic processes and martingales constitute foundational concepts in the realms of finance and insurance, playing critical roles in modeling and managing uncertainties. Stochastic processes, such as geometric Brownian motion, are extensively utilized in finance to capture the random dynamics of stock prices, interest rates, and other financial instruments.

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Stochastic Processes: Applications in Finance and Insurance

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  • 发表日期：

    2025年

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  • Leda D. Minkova

摘要

Stochastic processes and martingales constitute foundational concepts in the realms of finance and insurance, playing critical roles in modeling and managing uncertainties. Stochastic processes, such as geometric Brownian motion, are extensively utilized in finance to capture the random dynamics of stock prices, interest rates, and other financial instruments.