This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit predictable patterns. We demonstrate that exchange rates can possess a unit root ...

This repository contains MATLAB codes developed in 2018 to simulate the proposed model in Atakan, B., & Gulec, F. (2019). "Signal reconstruction in diffusion-based molecular communication." ...

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 ...

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(Bloomberg) -- When Burton Malkiel published A Random Walk Down Wall Street 50 years ago, he said a blindfolded chimpanzee throwing darts could pick a stock portfolio that would do as well as one ...