Continuous-time random walk

In mathematics, a continuous-time random walk (CTRW) is a generalization of a random walk where the wandering particle waits for a random time between jumps. It is a stochastic jump process with arbitrary distributions of jump lengths and waiting times.^[1]^[2]^[3] More generally it can be seen to be a special case of a Markov renewal process.

^ Klages, Rainer; Radons, Guenther; Sokolov, Igor M. (2008-09-08). Anomalous Transport: Foundations and Applications. ISBN 9783527622986.
^ Paul, Wolfgang; Baschnagel, Jörg (2013-07-11). Stochastic Processes: From Physics to Finance. Springer Science & Business Media. pp. 72–. ISBN 9783319003276. Retrieved 25 July 2014.
^ Slanina, Frantisek (2013-12-05). Essentials of Econophysics Modelling. OUP Oxford. pp. 89–. ISBN 9780191009075. Retrieved 25 July 2014.

[klages-1] Klages, Rainer; Radons, Guenther; Sokolov, Igor M. (2008-09-08). Anomalous Transport: Foundations and Applications. ISBN 9783527622986.

[PaulBaschnagel2013-2] Paul, Wolfgang; Baschnagel, Jörg (2013-07-11). Stochastic Processes: From Physics to Finance. Springer Science & Business Media. pp. 72–. ISBN 9783319003276. Retrieved 25 July 2014.

[Slanina2013-3] Slanina, Frantisek (2013-12-05). Essentials of Econophysics Modelling. OUP Oxford. pp. 89–. ISBN 9780191009075. Retrieved 25 July 2014.

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