Rüdiger U. Seydel – författare

Fifteen years have elapsed after the second edition of Practical Bifurcation and Stability Analysis was published. Along with the high level of sophistication that bifurcation analysis has reached, the research on basic computational bifurcation algorithms is essentially completed, at least in - dinary di?erential equations.

Using a 'learning by calculating' approach, this comprehensive introductory text shows how stochastic computational methods are used across the field of finance. The revised and expanded fifth edition includes updates, as well as new material and exercises.

Fifteen years have elapsed after the second edition of Practical Bifurcation and Stability Analysis was published. During that time period the ?eld of computational bifurcation has become mature. Today, bifurcation mec- nisms are widely accepted as decisive phenomena for explaining and - derstanding stability and structural change. Along with the high level of sophistication that bifurcation analysis has reached, the research on basic computational bifurcation algorithms is essentially completed, at least in - dinary di?erential equations. The focus has been shifting from mathematical foundations towards applications. The evolution from equilibrium to chaos has become commonplace and is no longer at the cutting edge of innovation. But the corresponding methods of practical bifurcation and stability analysis remain indispensable instruments in all applications of mathematics. This constant need for practical bifur- tion and stability analysis has stimulated an e?ort to maintain this book on a present-day level. The author’s endeavor has resulted in this third edition. It is based on more than three decades of practical experience with the subject, and on many courses given at several universities.