Copyright © Philip M. Parker, INSEAD. Terms of Use.

RANDOM WALK

Specialty Definition: RANDOM WALK

DomainDefinition

Finance

The theory that share prices move as though they had no memory and that they do not follow prescribed patterns thus suggesting that the use of charts is less than effective way of anticipating future price movements. Source: European Union. (references)

Statistics

The path traversed by a particle which moves in steps, each step being determined by chance either in regard to direction or in regard to magnitude or both. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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Specialty Definition: Random walk

(From Wikipedia, the free Encyclopedia)

A random walk is a simple stochastic process. It is a formalization of the intuitive idea of taking successive steps, each in a random direction. For this reason it is sometimes called a "Drunkard's walk". ("Drunkard's walk" is a 1960 science fiction novel by Frederik Pohl.)

Properties

The simplest random walk is a path constructed according to the following rules:

The average straight-line distance between start and finish points of a random walk of length n is O(n1/2).

The following, perhaps surprising, theorem is very useful in the study of random walks:

Theorem 1.1 For any random walk, every point in the domain will almost surely be crossed an infinite number of times. That is, (crossing times)

Example


Eight random walks starting at (0,0).

Eight random walks, each starting at zero, are shown here for 100 timesteps. At each instant, they go either one step step forwards or backwards. As one can see, while their average position remains zero, their average distance to the origin does indeed increase, but more slowly than linearly.

Significance in mathematics and physics

Random walks are sometimes used as simplified models of Brownian motion and the random movement of molecules in liquids and gases. A random walk also serves as an idealized mathematical model for coin-tossing.

Suggested reading

Chapter 3 of this book contains a thorough discussion of random walks, including advanced results, using only elementary tools.

Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Random walk."

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Crosswords: RANDOM WALK

Specialty definitions using "RANDOM WALK": Bernoulli walkHarris walk. (references)

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Commercial Usage: RANDOM WALK

DomainTitle

Books

  • A Random Walk Down Wall Street (reference)

  • Random Walk in Random and Non-Random Environments (reference)

  • A Random Walk Down Wall Street Seventh Edition (reference)

  • Rory's Random Walk Down Wall Street (reference)

    (more book examples)

  

Music

Source: compiled by the editor from various references; see credits.

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Expression: RANDOM WALK

Expression using "RANDOM WALK": random walk theory. Additional references.

Source: compiled by the editor from various references; see credits.

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Frequency of Internet Keywords: RANDOM WALK

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.
 
ExpressionFrequency
per Day

random walk

25

a random walk down wall street

10

random walk theory

7

manga random walk

3

computing random walk

2

3d mathematica random walk

2
Source: compiled by the editor from various references; see credits.

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Modern Translation: RANDOM WALK

Language Translations for "RANDOM WALK"; alternative meanings/domain in parentheses.

Danish

  

random Walk (random walk theory), tilfældighedsteorien (random walk theory), tilfældig gang. (various references)

   

Dutch

  

random walk (random walk theory), toevallige weg. (various references)

   

Finnish

  

random walk-teoria (random walk theory), satunnaiskulku. (various references)

   

French

  

trajet aléatoire, parcours aléatoire, marche au hasard (random walk theory), marche aléatoire, chemin aléatoire. (various references)

   

German

  

Random Walk, Zufallsmarkt (random walk theory). (various references)

   

Greek 

  

στοχαστική κίνηση τιμών (random walk theory), τυχαίος περίπατος. (various references)

   

Hungarian

  

rendszertelen mozgás, szabálytalan mozgás. (various references)

   

Italian

  

passeggiata casuale, passeggiata aleatoria, ipotesi dei movimenti casuali (random walk theory). (various references)

   

Pig Latin

  

andomray alkway

   

Portuguese

  

teoria da não previsibilidade das cotações (random walk theory). (various references)

   

Spanish

  

recorrido aleatorio, paseo aleatorio (random walk theory), mercado aleatorio (random walk theory), mercado al azar (random walk theory), mercado a la deriva (random walk theory). (various references)

   

Swedish

  

randomwalktheory (random walk theory), randomwalkteori (random walk theory), random-walk (random walk theory). (various references)

Source: compiled by the editor from various translation references.

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Anagrams: RANDOM WALK

Scrabble® Enable2K-Verified Anagrams

Words within the letters "a-a-d-k-l-m-n-o-r-w"

-2 letters: landmark, markdown.

-3 letters: armload, madrona, mandola, manward, monadal, monarda, workman.

-4 letters: almond, amoral, anodal, anorak, dolman, ladron, lardon, lawman, narwal, normal, onward, random, rodman, wadmal, wadmol.

-5 letters: adman, adorn, adown, alamo, aland, alarm, aroma, award, daman, damar, dolma, domal, drama, drank, drawl, drawn, drown, kalam, karma, koala, kraal, krona, loran, makar, malar, manor, modal.

Source: compiled by the editor from various references; see credits.

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Alternative Orthography: RANDOM WALK


Hexadecimal (or equivalents, 770AD-1900s) (references)

52 41 4E 44 4F 4D      57 41 4C 4B

Leonardo da Vinci (1452-1519; backwards) (references)

    

Binary Code (1918-1938, probably earlier) (references)

01010010 01000001 01001110 01000100 01001111 01001101 00100000 01010111 01000001 01001100 01001011

HTML Code (1990) (references)

&#82 &#65 &#78 &#68 &#79 &#77 &#32 &#87 &#65 &#76 &#75

ISO 10646 (1991-1993) (references)

0052 0041 004E 0044 004F 004D      0057 0041 004C 004B

Encryption (beginner's substitution cypher): (references)

523548384947257354645

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INDEX

1. Crosswords
2. Usage: Commercial
3. Expressions
4. Expressions: Internet
5. Translations: Modern
6. Anagrams
7. Orthography
8. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.