{"product_id":"9781536195255","title":"Applications of Lévy Processes","description":"Lévy processes have found applications in various fields, including physics, chemistry, long-term climate change, telephone communication, and finance. The most famous Lévy process in finance is the Black-Scholes model. This book presents important financial applications of Lévy processes. The Editors consider jump-diffusion and pure non-Gaussian Lévy processes, the multi-dimensional Black-Scholes model, and regime-switching Lévy models. This book is comprised of seven chapters that focus on different approaches to solving applied problems under Lévy processes: Monte Carlo simulations, machine learning, the frame projection method, dynamic programming, the Fourier cosine series expansion, finite difference schemes, and the Wiener-Hopf factorisation. Various numerical examples are carefully presented in tables and figures to illustrate the methods designed in the book.","brand":"Nova Science Publishers, Inc","offers":[{"title":"Default Title","offer_id":65424966320477,"sku":null,"price":129.74,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1041\/3893\/2573\/files\/9781536195255.jpg?v=1789338233","url":"https:\/\/shop.gazellebookservices.co.uk\/products\/9781536195255","provider":"Gazelle Book Services","version":"1.0","type":"link"}