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We provide a general construction of time-consistent sublinear expectations on the space of continuous paths. It yields the existence of the conditional G-expectation of a Borel-measurable (rather than quasi-continuous) random variable, a…

Probability · Mathematics 2015-02-04 Marcel Nutz , Ramon van Handel

This paper is on developing stochastic analysis simultaneously under a general family of probability measures that are not dominated by a single probability measure. The interest in this question originates from the probabilistic…

Probability · Mathematics 2012-02-29 H. Mete Soner , Nizar Touzi , Jianfeng Zhang

Sublinear functionals of random variables are known as sublinear expectations; they are convex homogeneous functionals on infinite-dimensional linear spaces. We extend this concept for set-valued functionals defined on measurable set-valued…

Probability · Mathematics 2021-01-15 Ilya Molchanov , Anja Mühlemann

We give a theory of sublinear expectations and martingales in discrete time. Without assuming the existence of a dominating probability measure, we derive the extensions of classical results on uniform integrability, optional stopping of…

Probability · Mathematics 2011-04-29 Samuel Cohen , Shaolin Ji , Shige Peng

In this study, we propose the sublinear expectation structure under countable state space. To describe an interesting "nonlinear randomized" trial, based on a convex compact domain, we introduce a family of probability measures under…

Probability · Mathematics 2025-06-06 Shuzhen Yang , Wenqing Zhang

Similar to linear spaces, many examples of quasilinear spaces have a notion of multiplication of the elements. To characterising these examples, in the present paper we generalize the notion of quasilinear spaces and introduce…

Functional Analysis · Mathematics 2020-10-20 Reza Dehghanizade , Seyed Mohamad Sadegh Modarres Mosadegh

We propose a summary measure defined as the expected value of a random variable over disjoint subsets of its support that are specified by a given grid of proportions, and consider its use in a regression modeling framework. The obtained…

Statistics Theory · Mathematics 2018-10-19 Celia García-Pareja , Matteo Bottai

Plausibility measures are structures for reasoning in the face of uncertainty that generalize probabilities, unifying them with weaker structures like possibility measures and comparative probability relations. So far, the theory of…

Quantum Physics · Physics 2015-05-07 Tobias Fritz , Matthew Leifer

The phenomenon of concentration of measure on high dimensional structures is usually stated in terms of a metric space with a Borel measure, also called an mm-space. We extend some of the mm-space concepts to the setting of a quasi-metric…

General Topology · Mathematics 2007-05-23 Aleksandar Stojmirovic

Let $\mu$ be a positive measure on the real line with locally finite support $\Lambda$ and integer masses such that its Fourier transform in the sense of distributions is a purely point measure. An explicit form is found for an entire…

Functional Analysis · Mathematics 2023-08-16 Sergii Favorov

Sublinear expectations for uncertain processes have received a lot of attention recently, particularly methods to extend a downward-continuous sublinear expectation on the bounded finitary functions to one on the non-finitary functions. In…

Probability · Mathematics 2023-05-05 Alexander Erreygers

We provide an elementary proof of the dual representation of Expected Shortfall on the space of integrable random variables over a general probability space. Unlike the results in the extant literature, our proof only exploits basic…

Risk Management · Quantitative Finance 2023-06-27 Martin Herdegen , Cosimo Munari

We introduce a general method for the construction of quasiprobability representations for arbitrary notions of quantum coherence. Our technique yields a nonnegative probability distribution for the decomposition of any classical state.…

Quantum Physics · Physics 2018-06-22 J. Sperling , I. A. Walmsley

We introduce the categories of quasi-measurable spaces, which are slight generalizations of the category of quasi-Borel spaces, where we now allow for general sample spaces and less restrictive random variables, spaces and maps. We show…

Probability · Mathematics 2021-09-27 Patrick Forré

Nonlinear expectation, including sublinear expectation as its special case, is a new and original framework of probability theory and has potential applications in some scientific fields, especially in finance risk measure and management.…

Statistics Theory · Mathematics 2013-04-15 Lu Lin , Yufeng Shi , Xin Wang , Shuzhen Yang

We examine a new approach to modeling uncertainty based on plausibility measures, where a plausibility measure just associates with an event its plausibility, an element is some partially ordered set. This approach is easily seen to…

Artificial Intelligence · Computer Science 2013-02-21 Nir Friedman , Joseph Y. Halpern

This paper assumes a robust, in general not dominated, probabilistic framework and provides necessary and sufficient conditions for a bipolar representation of subsets of the set of all quasi-sure equivalence classes of non-negative random…

Probability · Mathematics 2026-05-21 Johannes Langner , Gregor Svindland

Probability measures by themselves, are known to be inappropriate for modeling the dynamics of plain belief and their excessively strong measurability constraints make them unsuitable for some representational tasks, e.g. in the context of…

Artificial Intelligence · Computer Science 2013-02-28 Emil Weydert

Quasi-probabilities appear across diverse areas of physics, but their conceptual foundations remain unclear: they are often treated merely as computational tools, and operations like conditioning and Bayes' theorem become ambiguous. We…

Quantum Physics · Physics 2026-02-16 Jacopo Surace

Spaces of quasi-invariant measures supplied with different topologies are studied. Their embeddings, projective decompositions, conditions for their metrizability are investigated. Theorems about convergence of nets of quasi-invariant…

Probability · Mathematics 2016-06-08 Sergey Victor Ludkowski
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