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
Brownian motor at the nanometer scale. The term "Brownian motor" was originally coined by Peter Hänggi in 1995: A distinct feature of a Brownian motor is—in contrast to a molecular motor—that the output response is typically coupled only loosely to the input perturbation and action of fluctuations. In biology, many protein-based molecular motors in the cell may in fact be Brownian motors. These molecular motors convert the chemical energy present in ATP into mechanical energy. One example of a Brownian motor would be an ATPase motor that hydrolyzes ATP to generate fluctuating anisotropic energetic potentials. The anisotropic potentials along the path would