Metastability and random walks constitute central paradigms in the study of stochastic processes, providing deep insights into transient phenomena and long-term dynamics in complex systems.

Advances in Applied Probability, Vol. 41, No. 2 (JUNE 2009), pp. 452-468 (17 pages) In this article we analyse the behaviour of the extremes of a random walk in a random scenery. The random walk is ...

Here’s a game Claude Shannon, the founder of information theory, invented in 1948. He was trying to model the English language as a random process. Go to your bookshelf, pick up a random book, open it ...