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 ...

Random walks constitute one of the most fundamental stochastic processes and serve as a versatile framework for modelling a vast array of phenomena across physics, biology, finance and computer ...

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 ...

This is a preview. Log in through your library . Abstract Random walks are a fundamental model in applied mathematics and are a common example of a Markov chain. The limiting stationary distribution ...

In this paper, we introduce a new simple but powerful general technique for the study of edge- and vertex-reinforced processes with super-linear reinforcement, based on the use of order statistics for ...