Designed for a Master's level course in stochastic processes, this text features the introduction and use of martingales which allow much more to be done with B... » 

Designed for a Master's level course in stochastic processes, this text features the introduction and use of martingales which allow much more to be done with Brownian motion. Option pricing and queuing theory are integrated into the Continuous Time Markov Chain and Renewal Theory chapters. «