Random Fibonacci sequences and the number

For the familiar Fibonacci sequence (defined by , and for ), increases exponentially with at a rate given by the golden ratio . But for a simple modification with both additions and subtractions - the random Fibonacci sequences defined by , and for , , where each sign is independent and either or - with probability - it is not even obvious if should increase with . Our main result is that

with probability . Finding the number involves the theory of random matrix products, Stern-Brocot division of the real line, a fractal measure, a computer calculation, and a rounding error analysis to validate the computer calculation.