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Related papers: Continuum statistics of the Airy2 process

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The discrete sum of geometric Brownian motions plays an important role in modeling stochastic annuities in insurance. It also plays a pivotal role in the pricing of Asian options in mathematical finance. In this paper, we study the…

Pricing of Securities · Quantitative Finance 2016-09-27 Dan Pirjol , Lingjiong Zhu

We investigate extended processes given by last-passage times in directed models defined using exponential variables with decaying mean. In certain cases we find the universal Airy process, but other cases lead to non-universal and trivial…

Probability · Mathematics 2007-05-23 Kurt Johansson

We establish limit theorems for the maxima and minima of Airy$_1$ and Airy$_2$ processes (denoted by $\mathcal{A}_1(\cdot)$ and $\mathcal{A}_2(\cdot)$ respectively) over growing intervals. In particular, we identify the finite non-zero…

Probability · Mathematics 2024-06-19 Riddhipratim Basu , Sudeshna Bhattacharjee

We prove universality of Tracy-Widom GUE fluctuations for directed polymers in $1+1$ dimensions in the intermediate disorder regime. Building on the Lindeberg replacement method of arXiv:2304.04871, we refine estimates for the measure of…

Probability · Mathematics 2025-09-29 Pranay Agarwal

In this paper, a study of random times on filtered probability spaces is undertaken. The main message is that, as long as distributional properties of optional processes up to the random time are involved, there is no loss of generality in…

Probability · Mathematics 2015-03-17 Constantinos Kardaras

We study the asymptotic distribution, as the volume parameter goes to 1, of the peak (largest part) of finite- or slowly-growing-width cylindric plane partitions weighted by their trace, seam, and volume. There are two natural asymptotic…

Probability · Mathematics 2021-12-01 Dan Betea , Alessandra Occelli

We study the directed polymer with fixed endpoints near an absorbing wall, in the continuum and in presence of disorder, equivalent to the KPZ equation on the half space with droplet initial conditions. From a Bethe Ansatz solution of the…

Disordered Systems and Neural Networks · Physics 2015-06-11 Thomas Gueudre , Pierre Le Doussal

Directed polymers in random media are studied using results of the asymptotic theory of extreme statistics. Despite the strong correlation, one can recover the behavior of independent random variables for high dimensions, using a result…

Condensed Matter · Physics 2008-02-03 Matteo Marsili

We present a systematic short time expansion for the generating function of the one point height probability distribution for the KPZ equation with droplet initial condition, which goes much beyond previous studies. The expansion is checked…

Statistical Mechanics · Physics 2018-11-21 Alexandre Krajenbrink , Pierre Le Doussal , Sylvain Prolhac

We consider two models for directed polymers in space-time independent random media (the O'Connell-Yor semi-discrete directed polymer and the continuum directed random polymer) at positive temperature and prove their KPZ universality via…

Probability · Mathematics 2013-03-06 Alexei Borodin , Ivan Corwin , Patrik Ferrari

We study a classical Bayesian statistics problem of sequentially testing the sign of the drift of an arithmetic Brownian motion with the $0$-$1$ loss function and a constant cost of observation per unit of time for general prior…

Probability · Mathematics 2015-09-03 Erik Ekström , Juozas Vaicenavicius

We introduce a random walk in random environment associated to an underlying directed polymer model in $1+1$ dimensions. This walk is the positive temperature counterpart of the competition interface of percolation and arises as the limit…

Probability · Mathematics 2015-10-29 Nicos Georgiou , Firas Rassoul-Agha , Timo Seppäläinen , Atilla Yilmaz

The aim of this paper is to investigate the distribution of a continuous homopolymer in the presence of an attractive finitely supported potential. The most intricate behavior can be observed if we simultaneously vary two parameters: the…

Probability · Mathematics 2013-01-23 Leonid Koralov , Zsolt Pajor-Gyulai

We study the probability $p \equiv p_\eta(t)$ that two directed polymers in a given random potential $\eta$ and with fixed and nearby endpoints, do not cross until time $t$. This probability is itself a random variable (over samples $\eta$)…

Statistical Mechanics · Physics 2016-03-23 Andrea De Luca , Pierre Le Doussal

We consider a 1+1 dimensional directed continuum polymer in a Gaussian delta-correlated space-time random potential. For this model the moments (= replica) of the partition function, Z(x,t), can be expressed in terms of the attractive…

Statistical Mechanics · Physics 2011-01-31 Sylvain Prolhac , Herbert Spohn

The paper examines stochastic diffusion within an expanding space-time framework. It starts with providing a rationale for the considered model and its motivation from cosmology where the expansion of space-time is used in modelling various…

Probability · Mathematics 2023-12-22 Philip Broadbridge , Illia Donhauzer , Andriy Olenko

The first main goal of this article is to give a new metrization of the Mukherjee--Varadhan topology, recently introduced as a translation-invariant compactification of the space of probability measures on Euclidean spaces. This new…

Probability · Mathematics 2020-05-12 Yuri Bakhtin , Donghyun Seo

We obtain an asymptotic expansion for the tails of the random variable $\tcal=\arg\max_{u\in\mathbb{R}}(\mathcal{A}_2(u)-u^2)$ where $\mathcal{A}_2$ is the Airy$_2$ process. Using the formula of Schehr \cite{Sch} that connects the density…

Mathematical Physics · Physics 2015-06-12 Thomas Bothner , Karl Liechty

We prove a central limit theorem for the winding number of a directed polymer on a cylinder, which is equivalent with proving the Gaussian fluctuations of the endpoint of the directed polymer in a spatial periodic environment.

Probability · Mathematics 2023-01-18 Yu Gu , Tomasz Komorowski

In oncology, phase II studies are crucial for clinical development plans as such studies identify potent agents with sufficient activity to continue development in the subsequent phase III trials. Traditionally, phase II studies are…

Methodology · Statistics 2023-08-08 Takuya Yoshimoto , Satoru Shinoda , Kouji Yamamoto , Kouji Tahata