Publication | Open Access
Kramers' law: Validity, derivations and generalisations
101
Citations
43
References
2011
Year
Potential LandscapeEconomicsMathematical EconomicsEngineeringPhysicsMean Transition TimeStochastic ProcessesBusinessLawEconometricsLevy ProcessProbability TheoryBrownian MotionHeterodox EconomicsPoisson BoundaryStochastic Differential EquationLocal Minima
Kramers' law describes the mean transition time of an overdamped Brownian particle between local minima in a potential landscape. We review different approaches that have been followed to obtain a mathematically rigorous proof of this formula. We also discuss some generalisations, and a case in which Kramers' law is not valid. This review is written for both mathematicians and theoretical physicists, and endeavours to link concepts and terminology from both fields.
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