@inbook{7bfda73ea81a4fbfa09fe485ce092060,
title = "Stochastic Processes for Asset Price Modelling",
abstract = "This chapter gives an intuitive appreciation and review of many important aspects of the stochastic processes that have been used to model asset price processes. We will be interested in a probabilistic description of the time evolution of asset prices. After imposing some structure on the stochastic process for the return on the asset, this chapter introduces Markov processes, time evolution of conditional probabilities, continuous sample paths, and the Fokker–Planck and Kolmogorov equations.",
keywords = "Asset Price, Current Price, Option Price, Planck Equation, Sample Path",
author = "Carl Chiarella and He, {Xue Zhong} and Nikitopoulos, {Christina Sklibosios}",
note = "Publisher Copyright: {\textcopyright} 2015, Springer-Verlag Berlin Heidelberg.",
year = "2015",
doi = "10.1007/978-3-662-45906-5_2",
language = "English",
series = "Dynamic Modeling and Econometrics in Economics and Finance",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "7--36",
booktitle = "Dynamic Modeling and Econometrics in Economics and Finance",
}