Contents
Preface vii
Chapter 1. Streaks 1
§1. Introduction 1
§2. Models for Repeated Trials 4
§3. Runs in Repeated Trials 6
§4. Statistical Tests on Repeated Trials 9
§5. Data from Various Sports 24
§6. Runs in the Stock Market 71
§7. Appendix 79
Chapter 2. Modeling the Stock Market 97
§1. Stock Prices 97
§2. Variations in the Price of a Stock 103
§3. The Normal Distribution and Power Laws 106
§4. Distribution of Returns 114
§5. Independence of Returns 128
§6. Is the Power Law Exponent Intrinsic? 136
§7. Appendix 139
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