…be up tomorrow if up today, and down if down. Trend is a shorter word for the same. Perfect efficiency ought to show a “random walk” where prices change captures all current news, news captures reality without optimistic or pessimistic bias, and tomorrow’s price direction is as u...
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… out price response. Trends imply systematic underreaction, not overreaction. Market evidence shows something near that random walk as a usual rule, implying neither systematic overreaction nor systematic underreaction, but with some episodes of the latter. What would the reason...
…vestment officer for New York-based Donaldson Lufkin & Jenrette, who called the stock- market bottom in 1982 and whose “Random Gleanings ” market commentary was widely followed by investors. Died on Aug. 29 of complications from brain cancer. Seamus Heaney, 74. Irish poet who wo...
…e later said were thumb drives. Then he coolly walked past the security guards at the exit, who only seldom per- formed random checks on NSA employees. He carried out the entire operation with such brilliant stealth that © he left few if any clues behind as to how he obtained h...
…ction (greatly differing initial values are coming together in time). Values are not fixed, rhythmically varying nor in random motion. These nonuniformly hyperbolic motions are seen in speeded up, talking head videos showing bursts of hand gestures and in normal neuronal activity...
…lengths (Smith, 1988; Eckmann and Ruelle, 1992). The “correlation integral,” the probability that two vectors chosen at random from the phase space reconstruction lie within “r” distance of each other, not unrelated to the phase randomization controlled, Dz measure, yields statem...
…nsmission that happens with things like physiological recognition. A newborn creature has some neural network with some random connections in it, and as the creature moves around in the world, it starts recognizing kinds of objects and it learns that knowledge. Then there’s the...
…nd the set of patterns heterarchically nearby “tower” will be quite different, they should still have more overlap than random pattern-sets of similar sizes. So, if looking for something else heterarchically near “tower”, using the hierarchical information about “tower” should be...
…change, called a_ bifurcation, into autonomous Sself-oscillations from an equilibrium state around which there was some random variation. A bifurcation, a discontinuous change in outcome from a smooth changes cause, characteristically occurs when the amount of an important influe...
powerful room-cleaning robot was a Roomba, which moved around vacuuming at random and squeaked when it got caught under the couch. Technological prediction is particularly chancy, given that technologies progress by a series of refinements, halted by obstacles and overcome by in...
…targeted approach to pharmaceutical R&D is a fundamental change from the historical process that relied on large-scale, random screening of drug candidates for activity. A whole new generation of products targeting diseases at the molecular level is emerging and these offer much...
…ing law arises in a two dimensional lattice model of a forest which is to be set on fire with probability p independent random single tree ignitions. At some critical p, pc, the fire sweeps through the entire forest (“percolates”) and the correlation length of the connected clust...
…hine and the coding process set up to operate it was designed to remove these loopholes. For a start, the keys were all random numbers taken from a code book — no dog names allowed — and the machine took the idea of a simple progressive cipher and made it much more complex. Imag...
…. At Bryan Lourd's famous star studded party Sony Classics’ Co-President Michael Barker announces to me he has taken a random sampling of voters in the room. He says, "There will be a ‘Social Network’ upset at the Kodak Theater." Shear panic radiates from my every pore as he say...
…er-ups, ranging from Freemasons to bar codes to Hollow Earth. “The frightening thing,” he observed, “is that life is so random. At least there’ s something comforting about conspiracies.” He was calling me for recommendations as to who might be appropriate to appear on programs a...