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However, there is very little in the sense of a concrete future of the financial environment around the world. It precedes the 1997 and 1998 crises, which makes the warnings in the book interesting if not useful. I wish the authors would update it to include more recent developments, which would make it much more readable and interesting. As it is, it is more history than finance.
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I feel main problem with the book is the examples not very helpful in solving the 100+ problems that accompany each chapter. Most of the examples were just useless explanations graphs. The book also seems to gloss over some of the important concepts needed to solve the homework problems. The only homework problems that I found useful were the MATLAB examples. I would recommend doing these problems even if they are not assigned.
The book also does a poor job covering applications, especially in the later chapters on random processes. I would have been interested in more signal processing and communications applications, the main reason I took a course on probability and random processes.
As far a background for a person using this book, I would recommend the person be graduate student with a solid math background.
During my doctoral studies, I gained a different perspective. I consistently found the book to be a valuable starting point for many concepts and I now find the examples a quick way to brush up on elementary principles.
However, Leon-Garcia doesn't give a thorough approach to probability theory (there are essentially no theorems) and avoids set theory almost entirely. To really put my teeth into something, I would have to track down a more advanced text for any particular concept I was interested in. Basically, Leon-Garcia tries to seperate "Probability and Random Processes" from rigorous mathematics.... something similar to eating fat-free cheesecake.
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i gave it 2 stars mostly for the photo reproductions.
That being said, the images are fantastic and you get to know a lot about the company and the incredible family that founded and still manages it. It just isn't easy to read. Thus, I would recommend this book for those who want to know very deeply about this unique company, which is probably the best design firm for household goods in Europe if not the world. The book served my purposes as a professional, but I would never have gotten through it just for fun.