Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Sample space, Field and Probability Measure. Axiomatic definition of Probability. Bayes' theorem. Repeated trials. Continuous and discrete random variables and their probability distribution and ...

This is a preview. Log in through your library . Abstract We consider a nearest-neighbor, one dimensional random walk ${X_{n}}_{n}\geq0$ in a random i.i.d ...

For a one-dimensional simple random walk (St), for each time t we say a site x is a favorite site if it has the maximal local time. In this paper, we show that with probability 1 three favorite sites ...

In a one-dimensional random walk, a “walker” is confined to a long, narrow path and moves forward or backward in steps according to the results of repeatedly tossing a coin. The walker takes a step in ...

In this paper, we propose a functional linear regression model in the space of probability density functions. We treat a cross-sectional distribution of individual earnings as an infinite dimensional ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...