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In this paper, we introduce a new type of backward stochastic differential equations (BSDEs) with infinite anticipation, where the generator depends on the entire future values of the solution in infinite horizon. We show that the new BSDEs…

Probability · Mathematics 2025-11-20 Guanwei Cheng , Shuzhen Yang

In this paper we investigate zero-sum two-player stochastic differential games whose cost functionals are given by doubly controlled reflected backward stochastic differential equations (RBSDEs) with two barriers. For admissible controls…

Optimization and Control · Mathematics 2008-04-03 Rainer Buckdahn , Juan Li

This paper extends our previous work to continuous-time optimal stopping, focusing on American options in an exploratory setting. Our first contribution is an entropy-regularized penalization scheme, inspired by classical penalization…

Mathematical Finance · Quantitative Finance 2026-03-04 Daniel Chee , Noufel Frikha , Libo Li

This article is dedicated to the study of mixed zero-sum two-player stochastic differential games in the situation when the player's cost functionals are modeled by doubly controlled reflected backward stochastic equations with two barriers…

Optimization and Control · Mathematics 2013-07-30 Said Hamadene , Eduard Rotenstein , Adrian Zalinescu

This paper is devoted to the study of reflected Stochastic Differential Equations when the constraint is not on the paths of the solution but acts on the law of the solution. These reflected equations have been introduced recently by…

Probability · Mathematics 2020-08-26 Philippe Briand , Paul-Éric Chaudru de Raynal , Arnaud Guillin , Céline Labart

We study penalization coupled with time discretization for decoupled Markovian doubly reflected BSDEs with obstacles \(p_b(t,X_t)\le Y_t\le p_w(t,X_t)\). The DRBSDE is approximated by a penalized BSDE with parameter \(\lambda\) and…

Probability · Mathematics 2026-04-13 Wonjae Lee , Hyungbin Park

In this paper we discuss new types of differential equations which we call anticipated backward stochastic differential equations (anticipated BSDEs). In these equations the generator includes not only the values of solutions of the present…

Probability · Mathematics 2014-06-30 Shige Peng , Zhe Yang

The aim of this short note is to fill in a gap in our earlier paper [16] on 2BSDEs with reflections, and to explain how to correct the subsequent results in the second paper [15]. We also provide more insight on the properties of 2RBSDEs,…

Probability · Mathematics 2020-09-14 Anis Matoussi , Dylan Possamaï , Chao Zhou

We study a class of reflected backward stochastic differential equations with nonpositive jumps and upper barrier. Existence and uniqueness of a minimal solution is proved by a double penalization approach under regularity assumptions on…

Probability · Mathematics 2013-08-27 Sébastien Choukroun , Andrea Cosso , Huyen Pham

We introduce a new formulation of reflected BSDEs and doubly reflected BSDEs associated with irregular obstacles. In the first part of the paper, we consider an extension of the classical optimal stopping problem over a larger set of…

Probability · Mathematics 2023-03-31 Ihsan Arharas , Youssef Ouknine

In this paper, we prove the existence and uniqueness of the solution to reflected backward doubly stochastic differential equations driven by Teugels martingales associated with a L\'evy process where the barrier process is not necessarily…

Probability · Mathematics 2021-07-13 Mohamed Marzougue

We prove the existence of maximal (and minimal) solution for one-dimensional generalized doubly reflected backward stochastic differential equation (RBSDE for short) with irregular barriers and stochastic quadratic growth, for which the…

Probability · Mathematics 2023-08-24 E. H. Essaky , M. Hassani , C. Rhazlane

In this paper, we introduce a new kind of "variant" reflected backward doubly stochastic differential equations (VRBDSDEs in short), where the drift is the nonlinear function of the barrier process. In the one stochastic case, this type of…

Probability · Mathematics 2011-08-04 Auguste Aman , Yong Ren

In this paper, we provide an estimate for the solutions of reflected backward stochastic differential equations (RBSDEs) driven by a Markov chain, derive a continuous dependence property for their solutions with respect to the parameters of…

Probability · Mathematics 2015-05-14 Zhe Yang , Dimbinirina Ramarimbahoaka , Robert J. Elliott

This paper is concerned with the switching game of a one-dimensional backward stochastic differential equation (BSDE). The associated Bellman-Isaacs equation is a system of matrix-valued BSDEs living in a special unbounded convex domain…

Probability · Mathematics 2013-11-26 Ying Hu , Shanjian Tang

In this paper, we introduce a specific kind of doubly reflected Backward Stochastic Differential Equations (in short DRBSDEs), defined on probability spaces equipped with general filtration that is essentially non quasi-left continuous,…

Probability · Mathematics 2023-03-31 Ihsan Arharas , Siham Bouhadou , Youssef Ouknine

The present paper is devoted to the study of diagonally quadratic backward stochastic differential equation with oblique reflection. Using a penalization approach, we show the existence fo a solution by providing some delicated a priori…

Probability · Mathematics 2021-11-17 Peng Luo , Mengbo Zhu

In this paper, an optimal switching problem is proposed for one-dimensional reflected backward stochastic differential equations (RBSDEs, for short) where the generators, the terminal values and the barriers are all switched with positive…

Probability · Mathematics 2013-04-03 Shanjian Tang , Wei Zhong , Hyeng Keun Koo

We study the problem of existence of solutions for generalized backward stochastic differential equation with two reflecting barriers (GRBSDE for short) under weaker assumptions on the data. Roughly speaking we show the existence of a…

Probability · Mathematics 2011-03-29 E. H. Essaky , M. Hassani , Y. Ouknine

In this article, we build upon the work of Soner, Touzi and Zhang [Probab. Theory Related Fields 153 (2012) 149-190] to define a notion of a second order backward stochastic differential equation reflected on a lower c\`adl\`ag obstacle. We…

Probability · Mathematics 2015-04-07 Anis Matoussi , Dylan Possamaï , Chao Zhou