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 ...

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 ...

Random walks constitute one of the most fundamental models in the study of stochastic processes, representing systems that evolve in a sequence of random steps. Their applications range from modelling ...