Advances in Applied Probability, Vol. 48, No. 1 (MARCH 2016), pp. 199-214 (16 pages) We provide exact computations for the drift of random walks in dependent random environments, including k-dependent ...

This is a preview. Log in through your library . Abstract Let $[X_n, n \geq 0]$ be a Markov chain on a general state space X with transition probability P and stationary probability π. Suppose an ...

The random walk theorem, first presented by French mathematician Louis Bachelier in 1900 and then expanded upon by economist Burton Malkiel in his 1973 book A Random Walk Down Wall Street, asserts ...

Random walks and percolation theory form a fundamental confluence in modern statistical physics and probability theory. Random walks describe the seemingly erratic movement of particles or entities, ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a ...

Random walk theory proposes that stock prices move unpredictably, making it impossible to predict future movements based solely on past trends. This financial theory, first popularized by economist ...

Mathematicians from the California Institute of Technology have solved an old problem related to a mathematical process called a random walk. The team, which also worked with a colleague from Israel’s ...