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Explain a rigorous theory for Brownian motion

Explain a rigorous theory for Brownian motion developed by Wiener Norbert.

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Mathematics of Brownian motion was to become an essential modelling device for quantitative finance decades later. The beginning point for almost all financial models, the first equation written down in many technical papers, has the Wiener process as the representation for randomness in asset prices.

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  • Q : Explain a rigorous theory for Brownian

    Explain a rigorous theory for Brownian motion developed by Wiener Norbert.