Schumer, Rina; Baeumer, Boris; Meerschaert, Mark M. - In: Physica A: Statistical Mechanics and its Applications 390 (2011) 3, pp. 505-511
Coupled continuous time random walks (CTRWs) model normal and anomalous diffusion of random walkers by taking the sum of random jump lengths dependent on the random waiting times immediately preceding each jump. They are used to simulate diffusion-like processes in econophysics such as stock...