Introduction to Stochastic Exponential Growth

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter introduces stochastic growth processes, starting with random multiplicative models with iid multipliers and continuous time diffusions, illustrated with examples from biology, finance and economics. They display exponential growth, and we introduce several measures of the growth rates. Stochastic growth processes with Markovian dependence are introduced, as more realistic models for growth in a random environment.

Original languageEnglish
Title of host publicationSpringerBriefs in Applied Sciences and Technology
Pages1-17
Number of pages17
DOIs
StatePublished - 2022

Publication series

NameSpringerBriefs in Applied Sciences and Technology
ISSN (Print)2191-530X
ISSN (Electronic)2191-5318

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