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We determine the minimal entropy martingale measure for a general class of stochastic volatility models where both price process and volatility process contain jump terms which are correlated. This generalizes previous studies which have…

Probability · Mathematics 2016-08-16 Thorsten Rheinländer , Gallus Steiger

In this work we investigate the long-time behavior, that is the existence and characterization of invariant measures as well as convergence of transition probabilities, for Markov processes obtained as the unique mild solution to stochastic…

Probability · Mathematics 2022-03-17 Balint Fárkas , Martin Friesen , Barbara Rüdiger , Dennis Schroers

Suppose that $d\geq1$ and $\alpha\in (1, 2)$. Let $Y$ be a rotationally symmetric $\alpha$-stable process on $\R^d$ and $b$ a $\R^d$-valued measurable function on $\R^d$ belonging to a certain Kato class of $Y$. We show that $\rd X^b_t=\rd…

Probability · Mathematics 2013-09-26 Zhen-Qing Chen , Longmin Wang

We consider the SIR model and study the first time the number of infected individuals begins to decrease and the first time this population is below a given threshold. We interpret these times as functions of the initial susceptible and…

Classical Analysis and ODEs · Mathematics 2020-09-23 Ryan Hynd , Dennis Ikpe , Terrance Pendleton

For each $n\geq 1$, let $ {X_{in}, \quad i \geq 1} $ be independent copies of a nonnegative continuous stochastic process $X_{n}=(X_n(t))_{t\in T}$ indexed by a compact metric space $T$. We are interested in the process of partial maxima…

Probability · Mathematics 2011-10-07 Clément Dombry , Frédéric Eyi-Minko

We study the classic Susceptible-Infected-Recovered (SIR) model for the spread of an infectious disease. In this stochastic process, there are two competing mechanism: infection and recovery. Susceptible individuals may contract the disease…

Populations and Evolution · Quantitative Biology 2012-05-08 E. Ben-Naim , P. L. Krapivsky

Improving the efficiency of discrete time scale invariant (DSI) processes, we consider some flexible sampling of a continuous time DSI process ${X(t), t\in{R^+}}$ with scale $l>1$, which is in correspondence to some multi-dimensional…

Probability · Mathematics 2013-01-03 N . Modarresi , S . Rezakhah

Phase transitions in dissipative quantum systems have been investigated using various analytical approaches, particularly in the mean-field (MF) limit. However, analytical results often depend on specific methodologies. For instance,…

Statistical Mechanics · Physics 2023-08-09 Minjae Jo , Bukyoung Jhun , B. Kahng

In the first part of this thesis, we study a Markov chain on $\mathbb{R}_+ \times S$, where $\mathbb{R}_+$ is the non-negative real numbers and $S$ is a finite set, in which when the $\mathbb{R}_+$-coordinate is large, the $S$-coordinate of…

Probability · Mathematics 2018-02-20 Chak Hei Lo

Define the scaled empirical point process on an independent and identically distributed sequence $\{Y_i: i\le n\}$ as the random point measure with masses at $a_n^{-1} Y_i$. For suitable $a_n$ we obtain the weak limit of these point…

Probability · Mathematics 2016-08-16 André Dabrowski , Gail Ivanoof , Rafal Kulik

In this paper, we obtain sufficient conditions in terms of projective criteria under which the partial sums of a stationary process with values in ${\mathcal{H}}$ (a real and separable Hilbert space) admits an approximation, in…

Probability · Mathematics 2014-02-27 Christophe Cuny , Florence Merlevède

The existence of global-in-time bounded martingale solutions to a general class of cross-diffusion systems with multiplicative Stratonovich noise is proved. The equations describe multicomponent systems from physics or biology with…

Probability · Mathematics 2020-09-24 Gaurav Dhariwal , Florian Huber , Ansgar Jüngel , Christian Kuehn , Alexandra Neamtu

Most epidemic processes on networks can be modelled by a compartmental model, that specifies the spread of a disease in a population. The corresponding compartmental graph describes how the viral state of the nodes (individuals) changes…

Physics and Society · Physics 2023-11-29 Massimo A. Achterberg , Piet Van Mieghem

The present paper continues the study of infinite dimensional calculus via regularization, started by C. Di Girolami and the second named author, introducing the notion of weak Dirichlet process in this context. Such a process X, taking…

Probability · Mathematics 2016-06-14 Giorgio Fabbri , Francesco Russo

In the present paper, a new and simple approach is provided for proving rigorously that for general L\'evy financial markets the minimal entropy martingale measure and the Esscher martingale measure coincide. The method consists in…

Probability · Mathematics 2019-12-17 Andrii Andrusiv , Hans-Jürgen Engelbert

We prove that for a so-called sticky process $S$ there exists an equivalent probability $Q$ and a $Q$-martingale $\tilde{S}$ that is arbitrarily close to $S$ in $L^p(Q)$ norm. For continuous $S$, $\tilde{S}$ can be chosen arbitrarily close…

Mathematical Finance · Quantitative Finance 2017-03-03 Miklós Rásonyi , Hasanjan Sayit

We study the threshold dynamics of a stochastic SAIRS-type model with vaccination, where the role of asymptomatic and symptomatic infectious individuals is explicitly considered in the epidemic dynamics. In the model, the values of the…

Probability · Mathematics 2023-03-03 Stefania Ottaviano

Consider an observation of a multivariate temporal point process $N$ with law $\mathcal P$ on the time interval $[0,T]$. To test the null hypothesis that $\mathcal P$ belongs to a given parametric family, we construct a convergent…

Statistics Theory · Mathematics 2025-06-26 Justin Baars , Sami Umut Can , Roger J. A. Laeven

A particular continuous-time multitype branching process is considered, it is the continuous-time embedding of a discrete-time process which is very popular in theoretical computer science: the m-ary search tree (m is an integer). There is…

Probability · Mathematics 2011-12-02 Brigitte Chauvin , Quansheng Liu , Nicolas Pouyanne

We study the susceptible-infective-recovered (SIR) epidemic on a random graph chosen uniformly subject to having given vertex degrees. In this model infective vertices infect each of their susceptible neighbours, and recover, at a constant…

Probability · Mathematics 2014-09-24 Svante Janson , Malwina Luczak , Peter Windridge