Multiplicative and quasi-multiplicative random walks


Monday, January 15, 2024 - 16:00 to 17:00


Lab4, Level E, L4E01


We are sorry for confusion but the date was wrong.

Prof. Connaughton's talk is on Monday, January 15, 16:00-17:00.


Date: Friday, January 12 > Correct date is Monday, January 15 

Time: 16:00-17:00

Location: Lab4, Level E, L4E01


Speaker: Prof. Colm Connaughton, London Mathematical Laboratory


Title : Multiplicative and quasi-multiplicative random walks



Repeated multiplication of random variables can produce results that can be surprising at first encounter because there is no multiplicative analogue of the central limit theorem to provide intuition. In this talk, we will start by presenting some properties of products of random variables. We will then consider the  multiplicative analogue of the simple discrete random walk. For some choices of parameters, this process has the property that the expected value grows exponentially while every individual trajectory goes exponentially to zero with probability one. We will then look at a family of quasi-multiplicative random walks that interpolate in a sense between the additive and multiplicative cases. I will finish by discussing some applications where these ideas crop up.

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