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- W4231855055 abstract "This chapter presents several examples of application in finance, biology, fisheries, and in the modelling of the dynamics of human mortality rates. The Vasicek model is studied both in terms of its applications in finance (mainly on exchange rates or on interest rates) and its application in growth of individual living organisms (using as state variable an appropriate function of the size of an individual organism). The Ornstein-Uhlenbeck model, used as an improved model for the Brownian motion of a particle suspended in a fluid, can be considered a particular case of the Vasicek model with R = 0 and describes the dynamical behaviour of the particle's speed along an axis. For the growth of a population living in an environment with random fluctuations affecting the per capita growth rate, the authors have proposed the Malthusian growth model." @default.
- W4231855055 created "2022-05-12" @default.
- W4231855055 date "2019-03-04" @default.
- W4231855055 modified "2023-10-12" @default.
- W4231855055 title "Some biological and financial applications" @default.
- W4231855055 doi "https://doi.org/10.1002/9781119166092.ch12" @default.
- W4231855055 hasPublicationYear "2019" @default.
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