From the recording Brand New from Emerald Suspension: ≤ 15
"Fibonacci's Random Walk" is algorithmic music interspersed throughout the Playing the Market album. It is presented here for the first time as one continuous track.
The piece is inspired by two competing theories about the pattern of stock market returns. Some theories hold that stock prices follow predictable patterns such as the Fibonacci number series, and others state that markets are efficient, with price changes following a 'random walk'. The instrumentation, pitch, and duration of notes in this composition are based on the Fibonacci number series - however, random deviations from that specific pattern are inserted throughout the performance to represent the efficient market hypothesis.