Elephant random walk with attributed steps and extractions of random sizes
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arXiv
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| Format: | Preprint |
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2026
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| author | M, Sooraj Podder, Moumanti Roy, Archi |
| author_facet | M, Sooraj Podder, Moumanti Roy, Archi |
| contents | We study a model of market economics wherein the $(n+1)$-st customer, for each $n\geqslant N$, with $N$ being a prespecified positive integer, draws a sample of (random) size $K_{n}$, either with replacement or without, from the customers of the past. Each sampled customer is queried as to which of the two products, A and B, available in the oligopolistic market, they chose, and whether they are satisfied or not with their choice. The $(n+1)$-st customer now employs a stochastic rule, based on the information collected from the sampled customers, to decide which of the two products to buy. The probability that a customer is satisfied with the product they have purchased equals $q_{1}$ when the product is A, and $q_{2}$ when it is B, independent of all else. The resulting stochastic process may be represented as a variant of the celebrated elephant random walk, with the relative performance (in terms of sale) of A with respect to B, up to and including the $n$-th sale, captured by the position $S_{n}$ of the walker at time $n$. We study the almost sure convergence of $S_{n}/n$, as well as the convergence in distribution of suitably scaled versions of $S_{n}$ (where the scaling depends on the regime we are in). |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2604_17302 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | Elephant random walk with attributed steps and extractions of random sizes M, Sooraj Podder, Moumanti Roy, Archi Probability We study a model of market economics wherein the $(n+1)$-st customer, for each $n\geqslant N$, with $N$ being a prespecified positive integer, draws a sample of (random) size $K_{n}$, either with replacement or without, from the customers of the past. Each sampled customer is queried as to which of the two products, A and B, available in the oligopolistic market, they chose, and whether they are satisfied or not with their choice. The $(n+1)$-st customer now employs a stochastic rule, based on the information collected from the sampled customers, to decide which of the two products to buy. The probability that a customer is satisfied with the product they have purchased equals $q_{1}$ when the product is A, and $q_{2}$ when it is B, independent of all else. The resulting stochastic process may be represented as a variant of the celebrated elephant random walk, with the relative performance (in terms of sale) of A with respect to B, up to and including the $n$-th sale, captured by the position $S_{n}$ of the walker at time $n$. We study the almost sure convergence of $S_{n}/n$, as well as the convergence in distribution of suitably scaled versions of $S_{n}$ (where the scaling depends on the regime we are in). |
| title | Elephant random walk with attributed steps and extractions of random sizes |
| topic | Probability |
| url | https://arxiv.org/abs/2604.17302 |