Randomness Everywhere - Understanding Random Walk Models and Their Applications

Explore the fascinating world of randomness in this Santa Fe Institute community lecture by physicist Sid Redner. Discover how the concept of randomness underlies everyday events, from stock market fluctuations to gambling outcomes. Learn about the famous random walk model and its intriguing consequences, including applications in gambling, sports statistics, and foraging strategies. Gain insights into how understanding randomness can help make sense of experiences and resolve apparent paradoxes. Delve into Redner's expertise in non-equilibrium statistical physics, complex network structures, and physics-based models of social dynamics as he presents an engaging introduction to this pervasive phenomenon.