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In mathematical terms what does a martingale offer?

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In mathematical terms what does a martingale offer?
posted Aug 10, 2015 by Nikita Sehgal

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The chances of a future outcome are not affected by past outcomes or let me give an example - In stock market the future price of a stock is not dependent on its history which is a perfect example of martingale.

answer Aug 11, 2015 by Pardeep Kohli
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