Brownian motor Brownian motor Brownian motors are nano-scale or molecular devices by which thermally activated processes (chemical reactions) are controlled and used to generate directed motion in space and to do mechanical or electrical work. These tiny engines operate in an environment where viscosity dominates inertia, and where thermal noise makes moving in a specific direction as difficult as walking in a hurricane: the forces impelling these motors in the desired direction are minuscule in comparison with the random forces exerted by the environment. Because this type of motor is so strongly dependent on random thermal noise, Brownian motors are feasible only
Brownian model of financial markets for buying or selling). Another assumption is that asset prices have no jumps, that is there are no surprises in the market. This last assumption is removed in jump diffusion models. Consider a financial market consisting of formula_1 financial assets, where one of these assets, called a "bond" or "money market", is risk free while the remaining formula_2 assets, called "stocks", are risky. A "financial market" is defined as formula_3 that satisfies the following: Let formula_17 be a probability space, and a formula_18 be D-dimensional Brownian motion stochastic process, with the natural filtration: If formula_20 are the measure 0 (i.e.