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 A146205 Number of paths of the simple random walk on condition that the median applied to the partial sums S_0=0, S_1,...,S_n, n odd (n=15 in this example), is equal to half-integer values k+1/2, -[n/2]-1<=k<=[n/2]. 4
 35, 35, 245, 245, 735, 735, 1225, 1225, 1225, 1225, 735, 735, 245, 245, 35, 35 (list; graph; refs; listen; history; text; internal format)
 OFFSET 0,1 COMMENTS 1) Closed-form expressions for sequences see Pfeifer (2010). 2) The median taken on partial sums of the simple random walk represents the market price in a simulation model wherein a single security among non-cooperating and asymetrically informed traders is traded (Pfeifer et al. 2009). 3) A146207=A146205+(0,A146206) see lemma 2 in Pfeifer (2010). REFERENCES Pfeifer, C. (2010) Probability distribution of the median taken on partial sums of the simple random walk, Submitted to Stochastic Analysis and Applications LINKS Table of n, a(n) for n=0..15. C. Pfeifer, K. Schredelseker, G. U. H. Seeber, On the negative value of information in informationally inefficient markets. Calculations for large number of traders, Eur. J. Operat. Res., 195 (1) (2009) 117-126. EXAMPLE All possible different paths (sequences of partial sums) in case of n=3: {0,-1,-2,-3}; median=-1.5 {0,-1,-2,-1}; median=-1 {0,-1,0,-1}; median=-0.5 {0,-1,0,1}; median=0 {0,1,0,-1}; median=0 {0,1,0,1}; median=0.5 {0,1,2,1}; median=1 {0,1,2,3}; median=1.5 sequence of integers in case of n=3: 1,1,1,1 CROSSREFS A117692, A108347, A029460, A029466, A135553, A137272, A146206, A146207 Sequence in context: A142728 A316111 A316348 * A201067 A210320 A165856 Adjacent sequences: A146202 A146203 A146204 * A146206 A146207 A146208 KEYWORD fini,nonn AUTHOR Christian Pfeifer (christian.pfeifer(AT)uibk.ac.at), Oct 28 2008, May 04 2010 STATUS approved

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