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 ...

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, ...

Random walk theory is a financial model which assumes that the stock market moves in a completely unpredictable way. The hypothesis suggests that the future price of each stock is independent of its ...

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 ...

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 course is concerned with behavior of random walks on certain infinite graphs which are currently in vigorous development. This is a topic of dicrete probability are full of surprising and ...