This question is under the topic of Brownian Motion. The question:
I don't understand how the P{down 2 before up 1} can translate into 1/3. What's the logic behind that?
Thanks a lot!
This question is under the topic of Brownian Motion. The question:
I don't understand how the P{down 2 before up 1} can translate into 1/3. What's the logic behind that?
Thanks a lot!