Random walks constitute a foundational concept in probability theory, describing the seemingly erratic movement of particles or agents as they traverse a space in a series of stochastic steps. In many ...

This is a preview. Log in through your library . Abstract Random walks are a fundamental model in applied mathematics and are a common example of a Markov chain. The limiting stationary distribution ...

The steps of a one-dimensional random walk are positive and occur randomly in time at a fixed mean rate. The sizes of the steps are independent and the size of each step has the same given probability ...