"Colin Howson offers a solution to one of the central, unsolved problems of Western philosophy, the problem of induction. In the mid-eighteenth century David Hume argued that successful prediction tells us nothing about the truth of the predicting theory. No matter how many expe…
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Stochastic control is one of the methods being used to find optimal decision-making strategies in fields such as operations research and mathematical finance. In recent years, stochastic control techniques have been applied to non-life insurance problems, and in life insurance t…
This book is the result of lectures which I gave dur ing the academic year 1972-73 to third-year students a~ Aarhus University in Denmark. The purpose of the book, as of the lectures, is to survey some of the main themes in the modern theory of stochastic processes. In my previo…