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 imposed electric field. Rotational Brownian motion was first discussed by Peter Debye, who applied Einstein's theory of translational Brownian motion to the rotation of molecules having permanent electric dipoles. Debye ignored inertial effects and assumed that the molecules were spherical, with an intrinsic, fixed dipole moment. He derived expressions for the dielectric relaxation time and for the permittivity. These formulae have been successfully applied to many materials. However, Debye's expression for the permittivity predicts that the absorption tends toward a constant value when the frequency of the applied electric field becomes very large—the "Debye plateau". This is not observed; instead,