alt Hacker NewsNormal as in "typical", not as in "Central Limit Theorem".
Wiener processes aren't a completely terrible model for markets though.
Normal as in "typical", not as in "Central Limit Theorem".
Wiener processes aren't a completely terrible model for markets though.
I think it's a fat tail or jump diffusion process. There is a ton of literature about this over the past 30 years.