We study the range Rn of a random walk on the d-dimensional lattice ℤd indexed by a random tree with n vertices. Under the assumption that the random walk is centered and has finite fourth moments, we ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

Theory that stock price changes from day to day are accidental or haphazard; changes are independent of each other and have the same probability distribution. For a simple random walk, the best ...

This is a preview. Log in through your library . Abstract The distributions of random walk quantities like ascending ladder heights and the maximum are shown to be phase-type provided that the generic ...

This course is compulsory on the BSc in Actuarial Science, BSc in Actuarial Science (with a Placement Year), BSc in Financial Mathematics and Statistics and BSc in Mathematics, Statistics and Business ...

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 ...