The authors shed new light on the metastability phenomenon as a sequence of visits of the path of the process to different metastable sets, and focus on the precise analysis of the respective hitting probabilities and hitting times of these sets.

The theory is illustrated with many examples, ranging from finite-state Markov chains, finite-dimensional diffusions and stochastic partial differential equations, via mean-field dynamics with and without disorder, to stochastic spin-flip and particle-hopping dynamics and probabilistic cellular automata, unveiling the common universal features of these systems with respect to their metastable behaviour.

The monograph will serve both as comprehensive introduction and as reference for graduate students and researchers interested in metastability.