Random walks constitute one of the most fundamental stochastic processes and serve as a versatile framework for modelling a vast array of phenomena across physics, biology, finance and computer ...
Random walks constitute one of the cornerstone concepts in probability theory and statistical physics, representing a class of stochastic processes in which a moving entity takes successive steps in ...
We study the asymptotic behavior of a multidimensional random walk in a general cone. We find the tail asymptotics for the exit time and prove integral and local limit theorems for a random walk ...