English

Limit theorems for random walks

Probability 2017-02-22 v3

Abstract

We consider a random walk SτS_{\tau} which is obtained from the simple random walk SS by a discrete time version of Bochner's subordination. We prove that under certain conditions on the subordinator τ\tau appropriately scaled random walk SτS_{\tau} converges in the Skorohod space to the symmetric α\alpha-stable process BαB^{\alpha}. We also prove asymptotic formula for the transition function of SτS_{\tau} similar to the P\'{o}lya's asymptotic formula for BαB^{\alpha}.

Keywords

Cite

@article{arxiv.1504.01759,
  title  = {Limit theorems for random walks},
  author = {Alexander Bendikov and Wojciech Cygan and Bartosz Trojan},
  journal= {arXiv preprint arXiv:1504.01759},
  year   = {2017}
}

Comments

Updated with referee suggestions. To appear in Stochastic Processes and their Applications

R2 v1 2026-06-22T09:12:06.625Z