Stochastic process in finance

[Bhoj]

Does anybody have the link or pdf that explains easily the basics of stochastic process in finance easily ? Thanks!!

 

[quotes]

It depends on how much you want to know.

Search "Brownian Motion" in wikepedia and you get the first impression.

 

[Bhoj]

Thanks Quotes. I want to other processes as well including stochastic calculas, itos lemma, markov, so on. If you do know easy way to understand that please do let. I have pretty good math sans stochastic.

 

[Sherlock]

Quite sure there is no easy way to understand those concepts. Maybe Hull's book can give you some idea about Ito but not about the others.

 

[amir]

I like this book:
Stochastic Processes and Models by Stirzaker

 

[miggety]

I agree with Sherlock's recommendation, Hull is a great reference. For me personally, i studied math but then had been away from it from it for a while and had never studied stochastics. When I got into finance i was really struggling to understand exactly what a stochastic process was and how it was used. Reading "Quantitative Methods for Finance" by Watsham and Parramore answered lot of questions I had. Over all it was a really book. (http://www.amazon.com/gp/product/186152367X/ref=oh_o06_s00_i01_details)