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Overview
This book is devoted to new trends in random evolution and their applications to the shastic evolutionary system. It contains new developments such as an analogue of Dynkin's formula, boundary value problems, stability and control of random evolutions, shastic evolutionary equations, and driven martingale measures. In addition, it treats statistics of random evolutions processes, statistics of financial shastic models, and shastic stability and control of financial markets.
Audience: This volume will be of interest to research and applied mathematicians working in the fields of applied probability, shastic processes, and random evolutions, as well as experts in statistics, finance and insurance.