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 ...

To simulate chance occurrences, a computer can’t literally toss a coin or roll a die. Instead, it relies on special numerical recipes for generating strings of shuffled digits that pass for random ...

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 ...

We've gotten really good at generating big datasets. From what we search for on Google to all the stuff we do on Facebook, we generate a lot of data. And there have in turn been a proliferation of ...

In this paper we give a survey of some recent results for random walk in random scenery (RWRS). On ${\Bbb Z}^{d},d\geq 1$, we are given a random walk with i.i.d. increments and a random scenery with i ...

Over the past quarter-century there has been considerable innovation in methods for assessing the tempo and mode of evolution in paleobiological data sets. The current literature of these methods ...

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 ...

Here’s a game Claude Shannon, the founder of information theory, invented in 1948. He was trying to model the English language as a random process. Go to your bookshelf, pick up a random book, open it ...