Cont and Tankov (both: applied mathematics, Ecole Polytechnique, France) present a self-contained overview of theoretical, numerical, and empirical research into Lévy processes and other
stochastic processes with jumps as they are increasingly being used to model market fluctuations. They write specifically for nonspecialist students, researchers, and quants who are familiar
with quantitative methods in finance at the level of classical Black-Scholes option pricing theory. The do not aspire to a comprehensive treatise on mathematical properties of the processes.
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