@TommyMarxable Actually, the GBM process is considered a "random walk" which is actually the most appropriate model for the market without getting into agent based modelling. So, in finance, YES. The Black Scholes option pricing formula was also derived from a geometric Brownian Motion assumption...
@TommyMarxable Actually, the GBM process is considered a "random walk" which is actually the most appropriate model for the market without getting into agent based modelling. So, in finance, YES. The Black Scholes option pricing formula was also derived from a geometric Brownian Motion assumption...