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In this paper we propose an overview of the recent academic literature devoted to the applications of Hawkes processes in finance. Hawkes processes constitute a particular class of multivariate point processes that has become very popular…

Trading and Market Microstructure · Quantitative Finance 2015-05-19 Emmanuel Bacry , Iacopo Mastromatteo , Jean-François Muzy

Recursive stochastic algorithms have gained significant attention in the recent past due to data driven applications. Examples include stochastic gradient descent for solving large-scale optimization problems and empirical dynamic…

Machine Learning · Computer Science 2020-07-27 Abhishek Gupta , Hao Chen , Jianzong Pi , Gaurav Tendolkar

Firstly the fluctuation theorems (FT) for expended work in a driven nonequilibrium system, isolated or thermostatted, together with the ensuing Jarzynski work-energy (W-E) relationships, will be discussed and reobtained. Secondly, the…

Statistical Mechanics · Physics 2016-10-31 Carolyne M. Van Vliet

This article is dedicated to three fundamental papers on Markov Decision Processes and on control with incomplete observations published by Albert Shiryaev approximately sixty years ago. One of these papers was coauthored with O.V. Viskov.…

Probability · Mathematics 2025-06-06 Eugene A. Feinberg

Measure-free discrete time stochastic processes in Riesz spaces were formulated and studied by Kuo, Labuschagne and Watson. Aspects relating martingales, stopping times, convergence of these processes as well as various decomposition were…

Probability · Mathematics 2017-07-05 Jessica Joy Vardy , Bruce Alastair Watson

Applying non-ergodic quadratic stochastic operator the continual family of weak ergodic non-homogeneous Markov chains is constructed.

Dynamical Systems · Mathematics 2008-07-15 Nasir Ganikhodjaev

The status of stochastic cooling and developments over the years are reviewed with reference to much of the original work. Both theoretical and technological subjects are considered.

Accelerator Physics · Physics 2008-11-26 John Marriner

Normalizing flows, diffusion normalizing flows and variational autoencoders are powerful generative models. This chapter provides a unified framework to handle these approaches via Markov chains. We consider stochastic normalizing flows as…

Machine Learning · Computer Science 2023-02-06 Paul Hagemann , Johannes Hertrich , Gabriele Steidl

These notes provide a short, focused introduction to modelling stochastic gene expression, including a derivation of the master equation, the recovery of deterministic dynamics, birth-and-death processes, and Langevin theory. The notes were…

Quantitative Methods · Quantitative Biology 2016-07-27 Peter S Swain

In this paper, we first use PDE techniques and probabilistic methods to identify a kind of quasi-continuous random variables. Then we give a characterization of the $G$-integrable processes and get a kind of quasi-continuous processes by…

Probability · Mathematics 2017-05-09 Mingshang Hu , Falei Wang , Guoqiang Zheng

A framework for defining stochastic currents associated with diffusion processes on curved Riemannian manifolds is presented. This is achieved by introducing an overdamped Stratonovich-Langevin equation that remains fully covariant under…

Statistical Mechanics · Physics 2024-07-23 Harry J. D. Miller

Finite stochastic Markov models play a major role for modelling biochemical pathways. Such models are a coarse-grained description of the underlying microscopic dynamics and can be considered mesoscopic. The level of coarse-graining is to a…

Biological Physics · Physics 2012-06-05 Bernhard Altaner , Jürgen Vollmer

This series explores a new notion of T-homotopy equivalence of flows. The new definition involves embeddings of finite bounded posets preserving the bottom and the top elements and the associated cofibrations of flows. In this third part,…

Algebraic Topology · Mathematics 2007-05-23 Philippe Gaucher

We introduce Markov substitute processes, a new model at the crossroad of statistics and formal grammars, and prove its main property : Markov substitute processes with a given support form an exponential family.

Machine Learning · Statistics 2016-03-28 Olivier Catoni , Thomas Mainguy

We present an original undergraduate level compilation for the physics of electromechanical systems with special attention to power flow. An approach based on energy considerations is presented that is specially suited to compute the…

Physics Education · Physics 2016-03-28 J. M. Diaz de la Cruz

General birth-and-death as well as hopping stochastic dynamics of infinite particle systems in the continuum are considered. We derive corresponding evolution equations for correlation functions and generating functionals. General…

Mathematical Physics · Physics 2010-02-10 Dmitri L. Finkelshtein , Yuri G. Kondratiev , Maria Joao Oliveira

We consider the fluctuations of a time-integrated particle current around an atypical value in a generic stochastic Markov process involving classical particles with two-site interaction and hardcore repulsion on a finite one-dimensional…

Statistical Mechanics · Physics 2016-01-20 Pegah Torkaman , Farhad H. Jafarpour

The mathematical model of a linear system with the short memory about own stochastic behavior is proposed. It is assumed that the system is under a continual influence of independent stochastic impulses. In a short memory approximation the…

Probability · Mathematics 2008-12-10 D. N. Zhabin

Semi-Markov processes play an important role in the effective description of partially accessible systems in stochastic thermodynamics. They occur, for instance, in coarse-graining procedures such as state lumping and when analyzing waiting…

Statistical Mechanics · Physics 2026-01-19 Alexander M. Maier , Jonas H. Fritz , Udo Seifert

A $\phi$-irreducible and aperiodic Markov chain with stationary probability distribution will converge to its stationary distribution from almost all starting points. The property of Harris recurrence allows us to replace ``almost all'' by…

Probability · Mathematics 2007-05-23 Gareth O. Roberts , Jeffrey S. Rosenthal