Chung Man Lai

Markov Chains: With Stationary Transition Probabilities (Grundlehren der mathematischen Wissenschaften)

From the reviews: J. Neveu, 1962 in Zentralblatt für Mathematik, 92.Band Heft 2, p. 343: "Ce livre écrit par l'un des plus éminents spécialistes en la matière, est un exposé très détaillé de la théorie des processus de Markov définis sur un espace dénombrable d'états et homogènes dans le temps (chai...

Introduction to Stochastic Integration (Modern Birkhäuser Classics)

A highly readable introduction to stochastic integration and stochastic differential equations, this book combines developments of the basic theory with applications. It is written in a style suitable for the text of a graduate course in stochastic calculus, following a course in probability.Using t...

Lectures from Markov Processes to Brownian Motion (Springer Advanced Texts in Life Sciences)

Adam Smith Across Nations: Translations and Receptions of The Wealth of Nations

The Wealth of Nations provides the perfect basis for studying the international transmission of economic ideas at it is generally considered to be the foundation of modern political economy. The articles in this collection all concern translations of and receptions to Smith's greatest work in ten no...

Markov Processes, Brownian Motion, and Time Symmetry (Grundlehren der mathematischen Wissenschaften)

From the reviews of the First Edition: "This excellent book is based on several sets of lecture notes written over a decade and has its origin in a one-semester course given by the author at the ETH, Zürich, in the spring of 1970. The author's aim was to present some of the best features of Markov p...

Green, Brown, & Probability and Brownian Motion on the Line

This invaluable book consists of two parts. Part I is the second edition of the author's widely acclaimed publication Green, Brown, and Probability, which first appeared in 1995. In this exposition the author reveals, from a historical perspective, the beautiful relations between the Brownian motion...

Property Rights, Planning and Markets

This work represents a major innovation in the institutional analysis of cities and their planning, management and governance. Using concepts of transaction costs and property rights, the book shows systematically how urban order evolves as individuals co-operate in cities for mutual gain. Five kind...

A Course in Probability Theory, Third Edition

Since the publication of the first edition of this classic textbook over thirty years ago, tens of thousands of students have used A Course in Probability Theory. New in this edition is an introduction to measure theory that expands the market, as this treatment is more consistent with current cours...