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, ...

Juggling competing demands in a network of feverishly calculating computers drawing on the same memory resources is like trying to avert collisions among blindfolded, randomly zigzagging ice skaters.

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 ...

We study two typical examples of countable Markov chains in random environment using the Lyapunov functions method: random walk and random string in random environment. In each case we construct an ...

The forward premium, the difference between the forward exchange rate and the spot exchange rate, contains economically valuable information about the future of exchange rates. Here is the evidence ...

An interesting paper making the point that you can too forecast foreign exchange rates. Not, of course, at the hour to hour level where people speculate at leverage of 500:1, but over longer time ...