Contemporary Mathematics 2003; 272 pp; softcover Volume: 336 ISBN10: 0821834665 ISBN13: 9780821834664 List Price: US$76 Member Price: US$60.80 Order Code: CONM/336
 The volume includes lecture notes and research papers by participants of the Seventh Symposium on Probability and Stochastic Processes held in Mexico City. The lecture notes introduce recent advances in stochastic calculus with respect to fractional Brownian motion, principles of large deviations and of minimum entropy concerning equilibrium prices in random economic systems, and give a complete and thorough survey of credit risk theory. The research papers cover areas such as financial markets, Gaussian processes, stochastic differential equations, stochastic integration, quantum dynamical semigroups, selfintersection local times, etc. Readers should have a basic background in probability theory, stochastic integration, and stochastic differential equations. The book is suitable for graduate students and research mathematicians interested in probability, stochastic processes, and risk theory. This book is published in cooperation with Sociedad Matemática Mexicana. Readership Graduate students and research mathematicians interested in probability, stochastic processes, and risk theory. Table of Contents Lecture notes  D. Nualart  Stochastic integration with respect to fractional Brownian motion and applications
 E. Nummelin  Entropy and economic equilibrium
 T. Schmidt and W. Stute  Credit riskA survey
Research papers  N. CastañedaLeyva and D. HernándezHernández  Optimal investment in incomplete financial markets with stochastic volatility
 M. Galea, J. Ma, and S. Torres  Price calculation for power exponential jumpdiffusion modelsA Hermiteseries approach
 J. C. García and R. Quezada  Conditions for nonconservativity in quantum dynamical semigroups
 J. M. GonzálezBarrios  Some notes on a dependency measure
 J. GonzálezHernández  An example of an averaged Markov decision process without stable policies
 E. Gordienko, M. Mendieta, and J. Ruiz de Chávez  Closeness estimates for sums of independent random variables
 C. Houdré and J. Villa  An example of infinite dimensional quasihelix
 J. A. León and M. Sarrà  A nonhomogeneous wave equation driven by a Poisson process
 J. A. LópezMimbela and J. Villa  Existence of selfintersection local time of the multitype DawsonWatanabe superprocess
 V. PérezAbreu and A. RochaArteaga  Lévy processes in Banach spaces: Distributional properties and subordination
 L. A. Rincón  Phase space path integral representation for the solution of a stochastic Schrödinger equation
 A. Talarczyk  A note on covariance characterization of some generalized Gaussian random fields
 C. Tudor  On twoparameter Stieltjes integrals for functions in BesovLiouville spaces and stochastic integrals
