Rotational Brownian motion (astronomy) supermassive black holes at the centers of galaxies. Perturbations from passing stars can alter the orbital plane of such a binary, which in turn alters the direction of the spin axis of the single black hole that forms when the two coalesce. Rotational Brownian motion is often observed in N-body simulations of galaxies containing binary black holes. The massive binary sinks to the center of the galaxy via dynamical friction where it interacts with passing stars. The same gravitational perturbations that induce a random walk in the orientation of the binary, also cause the binary to shrink, via the gravitational
Brownian model of financial markets Brownian model of financial markets The Brownian motion models for financial markets are based on the work of Robert C. Merton and Paul A. Samuelson, as extensions to the one-period market models of Harold Markowitz and William F. Sharpe, and are concerned with defining the concepts of financial assets and markets, portfolios, gains and wealth in terms of continuous-time stochastic processes. Under this model, these assets have continuous prices evolving continuously in time and are driven by Brownian motion processes. This model requires an assumption of perfectly divisible assets and a frictionless market (i.e. that no transaction costs occur either