Brownian model of financial markets as: Note that formula_21 and formula_139 are absolutely continuous with respect to each other, i.e. they are equivalent. Also, according to Girsanov's theorem, is a formula_6-dimensional Brownian motion process on the filtration formula_146 with respect to formula_139. A complete financial market is one that allows effective hedging of the risk inherent in any investment strategy. Let formula_89 be a standard financial market, and formula_149 be an formula_140-measurable random variable, such that: The market formula_89 is said to be "complete" if every such formula_149 is "financeable", i.e. if there is an formula_155-financed portfolio process formula_156, such that its associated wealth process
Rotational Brownian motion (astronomy) slingshot. It can be shown that the rms change in the binary's orientation, from the time the binary forms until the two black holes collide, is roughly formula_21 In a real galaxy, the two black holes would eventually coalesce due to emission of gravitational waves. The spin axis of the coalesced hole will be aligned with the angular momentum axis of the orbit of the pre-existing binary. Hence, a mechanism like rotational Brownian motion that affects the orbits of binary black holes can also affect the distribution of black hole spins. This may explain in part why the spin axes