Mathematicians from the California Institute of Technology have solved an old problem related to a mathematical process called a random walk.
The team, which also worked with a colleague from Israel’s Ben-Gurion University, solved the problem in a rush after having a realization one evening. Lead author Omer Tamuz studies both economics and mathematics, using probability theory and ergodic theory as the link—a progressive and blended approach that this year’s Abel Prize-winning mathematicians helped to trailblaze.
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