Related papers: Financial Lie groups

We explain that general differential calculus and Lie theory have a common foundation: Lie Calculus is differential calculus, seen from the point of view of Lie theory, by making use of the groupoid concept as link between them. Higher…

A finitely presented group F is called flawed if Hom(F,G)//G deformation retracts onto its subspace Hom(F,K)/K for reductive affine algebraic groups G and maximal compact subgroups K in G. After discussing generalities concerning flawed…

A finite group $G$ is called $k$-factorizable if for every ordered factorization $|G|=a_1\cdots a_k$ into integers each greater than $1$ there exist subsets $A_1,\dots,A_k\subseteq G$ such that $|A_i|=a_i$ for each $i$ and $G=A_1\cdots…

Let $G$ be a Lie Group with a left invariant connection $\nabla^{G}$. Denote by $\g$ the Lie algebra of $G$, which is equipped with a connection $\nabla^{\g}$. Our main is to introduce the concept of the It\^o exponential and the It\^o…

Let $G = N \rtimes A$, where $N$ is a stratified Lie group and $A= \mathbb R_+$ acts on $N$ via automorphic dilations. We prove that the group $G$ has the Calder\'on-Zygmund property, in the sense of Hebisch and Steger, with respect to a…

In group theory the chief factors allow a group to be studied by its representation theory on particularly natural irreducible modules. It is to be expected, therefore, that they will play an important role in the study of Lie algebras. In…

We establish new strong factorization properties for the smooth vectors of representations of exponential solvable Lie groups on Fr\'{e}chet spaces. In particular, our results improve upon the Dixmier-Malliavin factorization theorem for…

We consider an equity-linked contract whose payoff depends on the lifetime of policy holder and the stock price. We assume the limited capital for hedging and we provide with the best strategy for an insurance company in the meaning of so…

For a finite field $\mathbb{F}$, it is a basic result of Galois theory that the fixed field $E$ of $\text{Aut}(\mathbb{F}(x)/\mathbb{F})$ is a proper extension of $\mathbb{F}$. In this expository paper we construct, for all finite fields,…

We provide foundations for decisions in face of unlikely events by extending the standard framework of Savage to include preferences indexed by a family of events. We derive a subjective lexicographic expected utility representation which…

General semifinite factor representations of the diffeomorphism group of euclidean space are constructed by means of a canonical correspondence with the finite factor representations of the inductive limit unitary group. This construction…

Factor analysis provides linear factors that describe relationships between individual variables of a data set. We extend this classical formulation into linear factors that describe relationships between groups of variables, where each…

We provide a classification of graphical models according to their representation as subfamilies of exponential families. Undirected graphical models with no hidden variables are linear exponential families (LEFs), directed acyclic…

In the theory of financial markets, a stylized fact is a qualitative summary of a pattern in financial market data that is observed across multiple assets, asset classes and time horizons. In this article, we test a set of eleven stylized…

We study the asymptotics of representations of a fixed compact Lie group. We prove that the limit behavior of a sequence of such representations can be described in terms of certain random matrices; in particular operations on…

On a locally compact group $E$ with countable base, we consider a random walk $X$ that has a unique (up to a positive factor) $r$-invariant measure for some $r>0$. Under some weak conditions on the measure, there is a unique continuous…

In this paper, the changes of representations of a group are used in order to describe its action as algebraic Galois group of an univariate polynomial on the roots of factors of any Lagrange resolvent. By this way, the Galois group of…

Persistence is studied in a financial context by mapping the time evolution of the values of the shares quoted on the London Financial Times Stock Exchange 100 index (FTSE 100) onto Ising spins. By following the time dependence of the…

We define the class of groups of bounded type from tile inflations. These tile inflations also determine some automata describing the groups. In the case when the automata are stationary, we show that if the set of incompressible elements…

Let $F$ be an affine flat group scheme over a commutative ring $R$, and $S$ an $F$-algebra (an $R$-algebra on which $F$ acts). We define an equivariant analogue $Q_F(S)$ of the total ring of fractions $Q(S)$ of $S$. It is the largest…