Abstract
A random walk is a sequence S n , n ≥ 0 of random variables with independent, identically distributed (i.i.d.) increments X k , k ≥ 1 and S 0 = 0. A Bernoulli random walk (also called a Binomial random walk or a Binomial process) is a random walk for which the steps equal 1 or 0 with probabilities p and q, respectively, where 0 < p < 1 and p + q = 1. A simple random walk is a random walk for which the steps equal + 1 or − 1 with probabilities p and q, respectively, where, again, 0 < p < 1 and p + q = 1. The case p = q = ½ is called the symmetric simple random walk (sometimes the coin-tossing random walk or the symmetric Bernoulli random walk). A renewal process is a random walk with nonnegative increments; the Bernoulli random walk is an example of a renewal process.
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© 1988 Springer Science+Business Media New York
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Gut, A. (1988). Introduction. In: Stopped Random Walks. Applied Probability, vol 5. Springer, New York, NY. https://doi.org/10.1007/978-1-4757-1992-5_1
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DOI: https://doi.org/10.1007/978-1-4757-1992-5_1
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