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This paper considers the problem of partially observed optimal control for forward stochastic systems which are driven by Brownian motions and an independent Poisson random measure with a feature that the cost functional is of mean-field…

Probability · Mathematics 2014-03-19 Yaozhong Hu , David Nualart , Qing Zhou

Mean-field backward doubly stochastic differential equations (MF-BDSDEs, for short) are introduced and studied. The existence and uniqueness of solutions for MF-BDSDEs is established. One probabilistic interpretation for the solutions to a…

Probability · Mathematics 2011-08-30 Tianxiao Wang , Qingfeng Zhu , Yufeng Shi

We prove an existence and uniqueness result for two-obstacle problem for quasilinear Stochastic PDEs (DOSPDEs for short). The method is based on the probabilistic interpretation of the solution by using the backward doubly stochastic…

Probability · Mathematics 2020-12-08 Laurent Denis , Anis Matoussi , Jing Zhang

In this paper, a class of non-Markovian forward-backward doubly stochastic systems is studied. By using the technique of functional It\^o (or path-dependent) calculus, the relationship between the systems and related path-dependent…

Probability · Mathematics 2022-06-14 Yufeng Shi , Jiaqiang Wen , Jie Xiong

In this paper we study zero-sum two-player stochastic differential games with jumps with the help of theory of Backward Stochastic Differential Equations (BSDEs). We generalize the results of Fleming and Souganidis [10] and those by Biswas…

Optimization and Control · Mathematics 2010-04-19 Rainer Buckdahn , Ying Hu , Juan Li

In this paper, we propose forward and backward stochastic differential equations (FBSDEs) based deep neural network (DNN) learning algorithms for the solution of high dimensional quasilinear parabolic partial differential equations (PDEs),…

Numerical Analysis · Mathematics 2021-05-10 Wenzhong Zhang , Wei Cai

We study the properties of nonlinear Backward Stochastic Differential Equations (BSDEs) driven by a Brownian motion and a martingale measure associated with a default jump with intensity process $(\lambda_t)$. We give a priori estimates for…

Pricing of Securities · Quantitative Finance 2017-09-04 Roxana Dumitrescu , Marie-Claire Quenez , Agnès Sulem

In the first part of this paper we give a solution for the one-dimensional reflected backward stochastic differential equation (BSDE for short) when the noise is driven by a Brownian motion and an independent Poisson point process. The…

Probability · Mathematics 2011-09-12 S. Hamadene , Y. Ouknine

In this paper, we investigate the solvability of matrix valued Backward stochastic Riccati equations with jumps (BSREJ), which is associated with a stochastic linear quadratic (SLQ) optimal control problem with random coefficients and…

Optimization and Control · Mathematics 2018-08-28 Fu Zhang , Yuchao Dong , Qingxin Meng

We study the discrete-time approximation for solutions of forward-backward stochas- tic dierential equations (FBSDEs) with a jump. In this part, we study the case of Lipschitz generators, and we refer to the second part of this work [15]…

Analysis of PDEs · Mathematics 2012-11-28 Idris Kharroubi , Thomas Lim

In this paper,we mainly focus on the numerical solution of high-dimensional stochastic optimal control problem driven by fully-coupled forward-backward stochastic differential equations (FBSDEs in short) through deep learning. We first…

Optimization and Control · Mathematics 2024-08-21 Shaolin Ji , Shige Peng , Ying Peng , Xichuan Zhang

This article introduces and solves a general class of fully coupled forward-backward stochastic dynamics by investigating the associated system of functional differential equations. As a consequence, we are able to solve many different…

Probability · Mathematics 2026-05-01 Matteo Casserini , Gechun Liang

This paper investigates solvability of fully coupled systems of forward-backward stochastic differential equations (FBSDEs) with irregular coefficients. In particular, we assume that the coefficients of the FBSDEs are merely measurable and…

Probability · Mathematics 2020-04-02 Peng Luo , Olivier Menoukeu-Pamen , Ludovic Tangpi

In this paper we investigate a kind of optimal control problem of coupled forward-backward stochastic system with jumps whose cost functional is defined through a coupled forward-backward stochastic differential equation with Brownian…

Probability · Mathematics 2020-09-15 Qian Lin

Applications in quantitative finance such as optimal trade execution, risk management of options, and optimal asset allocation involve the solution of high dimensional and nonlinear Partial Differential Equations (PDEs). The connection…

Machine Learning · Statistics 2019-10-28 Batuhan Güler , Alexis Laignelet , Panos Parpas

We study solutions to backward differential equations that are driven hybridly by a deterministic discontinuous rough path $W$ of finite $q$-variation for $q \in [1, 2)$ and by Brownian motion $B$. To distinguish between integration of…

Probability · Mathematics 2025-05-28 Dirk Becherer , Yuchen Sun

We study the anticipative backward stochastic differential equations (BSDEs, for short) driven by fractional Brownian motion with Hurst parameter H greater than 1/2. The stochastic integral used throughout the paper is the divergence…

Probability · Mathematics 2016-11-29 Jiaqiang Wen , Yufeng Shi

In this paper, we focus on mean-field anticipated backward stochastic differential equations (MF-BSDEs, for short) driven by fractional Brownian motion with Hurst parameter H>1/2. First, the existence and uniqueness of this new type of…

Probability · Mathematics 2018-05-23 Soukaina Douissi , Jiaqiang Wen , Yufeng Shi

We study a coupled system of controlled stochastic differential equations (SDEs) driven by a Brownian motion and a compensated Poisson random measure, consisting of a forward SDE in the unknown process $X(t)$ and a \emph{predictive…

Optimization and Control · Mathematics 2015-05-20 Bernt Øksendal , Agnès Sulem

In this paper, we study a class of stochastic differential equations with additive noise that contains a fractional Brownian motion (fBM) and a Poisson point process of class (QL). The differential equation of this kind is motivated by the…

Probability · Mathematics 2015-04-14 Lihua Bai , Jin Ma