Stopping times are hitting times: a natural representation
Probability
2015-01-30 v4
Abstract
There exists a simple, didactically useful one-to-one relationship between stopping times and adapted c\`agl\`ad (LCRL) processes that are non-increasing and take the values 0 and 1 only. As a consequence, stopping times are always hitting times.
Cite
@article{arxiv.1112.1603,
title = {Stopping times are hitting times: a natural representation},
author = {Tom Fischer},
journal= {arXiv preprint arXiv:1112.1603},
year = {2015}
}