Deterministic and Stochastic Topics in Computational Finance

Calin explores mathematical models of financial markets, noting that this approach is customarily called computational finance both to emphasize the theoretically computational aspect and to distinguish it from empirical finance, which uses much less sophisticated mathematical models to perform its analysis. Deterministic models are just an approximation of stochastic models, he says, and are applicable when special conditions are present, such as just for the short run, or when noise is ignored. Annotation ©2017 Ringgold, Inc., Portland, OR (protoview.com)