Growth and decay of random Fibonacci sequences
The authors adress the following questions for the general random recurrence \(x_{n+1}=\pm x_n\pm \beta x_{n-1}\). (1) How does the growth rate of solutions \(|X_n\|\), depend on \(\beta\)? (2) For what value \(\beta_*\in (\frac 12,1)\) is the recurrence neutrally stable, so that there is neither exponential growth nor decay. The authors also study dependence of the Lyapunov constant \[ \sigma(\beta)=\lim_{n\to \infty} |x_n|^{1/n} \] almost surely on \(\beta\). Note that by a simple rescaling, the authors' results is applied to the more general random recurrence \(\alpha_{n+1}=dx_n+\beta x_{n-1}\) for fixed \(\alpha\) and \(\beta\).
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