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Coupled continuous time random walks in finance

โœ Scribed by Mark M. Meerschaert; Enrico Scalas


Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
290 KB
Volume
370
Category
Article
ISSN
0378-4371

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The relation between unary (trapping) and binary (mutual annihilation) reactions in disordered systems is studied in the framework of the continuous-time random walk. It is found that if t\_be waiting-time distribution of the walk has infinite moments, a time-independent binary rate constant may exi