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We extend the notions of conditioned and controlled invariant spaces to linear dynamical systems over the max-plus or tropical semiring. We establish a duality theorem relating both notions, which we use to construct dynamic observers.…

Optimization and Control · Mathematics 2010-12-20 Michael Di Loreto , Stephane Gaubert , Ricardo D. Katz , Jean-Jacques Loiseau

We provide verification theorems (at different levels of generality) for infinite horizon stochastic control problems in continuous time for semimartingales. The control framework is given as an abstract "martingale formulation", which…

Probability · Mathematics 2020-01-01 Ma. Elena Hernández-Hernández , Saul Jacka , Aleksandar Mijatović

We establish well-posedness results for non-autonomous semilinear input-output systems, the central assumption being the scattering-passivity of the considered semilinear system. We consider both systems with distributed control and…

Analysis of PDEs · Mathematics 2021-01-15 Jochen Schmid

This paper investigates the propreties of the persistence diagrams stemming from almost surely continuous random processes on $[0,t]$. We focus our study on two variables which together characterize the barcode : the number of points of the…

Probability · Mathematics 2022-11-08 Daniel Perez

This article characterizes topological duals of spaces of cadlag processes. We obtain extensions of functional analytic results of Dellacherie and Meyer that underlie many fundamental results in stochastic analysis. In particular, we obtain…

Probability · Mathematics 2020-12-14 Teemu Pennanen , Ari-Pekka Perkkiö

The mean-variance hedging (MVH) problem is studied in a partially observable market where the drift processes can only be inferred through the observation of asset or index processes. Although most of the literatures treat the MVH problem…

Computational Finance · Quantitative Finance 2013-11-26 Masaaki Fujii , Akihiko Takahashi

Being the max-analogue of $\alpha$-stable stochastic processes, max-stable processes form one of the fundamental classes of stochastic processes. With the arrival of sufficient computational capabilities, they have become a benchmark in the…

Methodology · Statistics 2021-01-18 Marco Oesting , Kirstin Strokorb

The duality principle in option pricing aims at simplifying valuation problems that depend on several variables by associating them to the corresponding dual option pricing problem. Here, we analyze the duality principle for options that…

Probability · Mathematics 2009-11-05 Ernst Eberlein , Antonis Papapantoleon , Albert N. Shiryaev

This paper studies the problem of maximizing expected utility from terminal wealth in a semi-static market composed of derivative securities, which we assume can be traded only at time zero, and of stocks, which can be traded continuously…

Portfolio Management · Quantitative Finance 2013-10-09 Pietro Siorpaes

In the context of stochastic portfolio theory we introduce a novel class of portfolios which we call linear path-functional portfolios. These are portfolios which are determined by certain transformations of linear functions of a…

Mathematical Finance · Quantitative Finance 2024-10-08 Christa Cuchiero , Janka Möller

We prove tail triviality of determinantal point processes $ \mu $ on continuous spaces. Tail triviality had been proved for such processes only on discrete spaces, and hence we have generalized the result to continuous spaces. To do this,…

Probability · Mathematics 2018-02-06 Hirofumi Osada , Shota Osada

Quasi-symmetry of a steady magnetic field means integrability of first-order guiding-centre motion. Here we derive many restrictions on the possibilities for a quasi-symmetry. We also derive an analogue of the Grad-Shafranov equation for…

Mathematical Physics · Physics 2019-12-16 Joshua W. Burby , Nikos Kallinikos , Robert S. MacKay

A Milstein-type scheme was proposed to improve the rate of convergence of its approximation of the solution to a stochastic differential equation driven by a vector of continuous semimartingales. A necessary and sufficient condition was…

Probability · Mathematics 2007-05-23 Liqing Yan

In this paper, we introduce concepts of pathwise random almost periodic and almost automorphic solutions for dynamical systems generated by non-autonomous stochastic equations. These solutions are pathwise stochastic analogues of…

Dynamical Systems · Mathematics 2014-05-27 Bixiang Wang

We study rings of real-valued continuous functions in terms of pseudocomplementation conditions on various lattices attached to their prime spectrum. We fully characterize pseudocomplementation in all cases and have an almost complete…

General Topology · Mathematics 2026-03-31 Guram Bezhanishvili , Marcus Tressl

We calculate within a semiclassical approximation the autocorrelation function of cross sections. The starting point is the semiclassical expression for the diagonal matrix elements of an operator. For general operators with a smooth…

Chaotic Dynamics · Physics 2007-08-22 Bruno Eckhardt , Shmuel Fishman , Imre Varga

We propose a mathematical framework for the study of a family of random fields--called forward performances--which arise as numerical representation of certain rational preference relations in mathematical finance. Their spatial structure…

Computational Finance · Quantitative Finance 2009-12-10 Gordan Žitković

It was found recently that processes of multidimensional tunneling are generally described at high energies by unstable semiclassical trajectories. We study two observational signatures related to the instability of trajectories. First, we…

Quantum Physics · Physics 2015-05-13 D. G. Levkov , A. G. Panin , S. M. Sibiryakov

We present an algorithm producing a dynamic non-self-financing hedging strategy in an incomplete market corresponding to investor-relevant risk criterion. The optimization is a two stage process that first determines admissible model…

Statistics Theory · Mathematics 2008-12-10 N. Josephy , L. Kimball , A. Nagaev , M. Pasniewski , V. Steblovskaya

For a family of quasi-arithmetic means satisfying certain smoothness condition we majorize the speed of convergence of the iterative sequence of self-mappings having a mean on each entry, described in the definition of Gaussian product, to…

Classical Analysis and ODEs · Mathematics 2016-05-10 Paweł Pasteczka
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