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, ...

Advances in Applied Probability, Vol. 48, No. 1 (MARCH 2016), pp. 199-214 (16 pages) We provide exact computations for the drift of random walks in dependent random environments, including k-dependent ...

"A Random Walk Down Wall Street" is an influential stock market and investing related book written by Burton Malkiel, a leading economist, professor and former director of the Vanguard group and ...

Burton Malkiel wrote "A Random Walk Down Wall Street" which tells us there's no way for us to make money picking stocks. It's a load of baloney. This blog intends to prove why. Based on these findings ...

Everyone would love to predict the movement of individual stocks. The random walk hypothesis states that stock prices are random, like the steps taken by a drunk which would not follow a set path and, ...

We derive a perturbation expansion for general self-interacting random walks, where steps are made on the basis of the history of the path. Examples of models where this expansion applies are ...

What a wild week in the markets we had last week. All week long the Fed was throwing everything they could at this market and nothing worked. This week I call payment due on yesterday's credit. The ...

An investment theory which claims the financial markets move up and down at random. Investors subscribing to the theory believe that historical price movements and trends provide no indication of ...