Brownian motor ramifications of the Fluctuation Theorems, Pumping Quantization Theorems, and Pumping-Restriction Theorems. 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
Brownian model of financial markets to the Lebesgue measure. 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