English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

We briefly review our recent studies on stochastic processes modellinginternet on-line trading. We present a way to evaluate the average waiting timebetween the observation of the price in financial markets and the next pricechange, especially in an on-line foreign exchange trading service forindividual customers via the internet. The basic method of our approach dependson the so-called renewal-reward theorem. Assuming that the stochastic processmodelling the price change is a renewal process, we use the theorem tocalculate the average waiting time of the process. The so-called ``inspectionparadox'' is discussed, which, in general, means that the average durations isshorter than the average waiting time.

On-line trading as a renewal process: Waiting time and inspection paradox