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, ...

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 ...

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 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 ...

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 ...

This is a preview. Log in through your library . Abstract The LBI (locally best invariant) test is suggested under normality for the constancy of regression coefficients against the alternative ...