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Fractional processes have gained popularity in financial modeling due to the dependence structure of their increments and the roughness of their sample paths. The non-Markovianity of these processes gives, however, rise to conceptual and…

Mathematical Finance · Quantitative Finance 2018-02-07 Philipp Harms , David Stefanovits

Fractional generalizations of the Poisson process and branching Furry process are considered. The link between characteristics of the processes, fractional differential equations and Levy stable densities are discussed and used for…

Statistical Mechanics · Physics 2010-02-15 Vladimir V. Uchaikin , Dexter O. Cahoy , Renat T. Sibatov

Shot-noise and fractional Poisson processes are instances of filtered Poisson processes. We here prove Girsanov theorem for this kind of processes and give an application to an estimate problem.

Probability · Mathematics 2007-05-23 L. Decreusefond , N. Savy

For the particles undergoing the anomalous diffusion with different waiting time distributions for different internal states, we derive the Fokker-Planck and Feymann-Kac equations, respectively, describing positions of the particles and…

Statistics Theory · Mathematics 2018-04-10 Pengbo Xu , Weihua Deng

The fractional Poisson process (FPP) is a counting process with independent and identically distributed inter-event times following the Mittag-Leffler distribution. This process is very useful in several fields of applied and theoretical…

Probability · Mathematics 2015-05-27 Mauro Politi , Taisei Kaizoji , Enrico Scalas

The fractional Poisson process and the Wright process (as discretization of the stable subordinator) along with their diffusion limits play eminent roles in theory and simulation of fractional diffusion processes. Here we have analyzed…

Probability · Mathematics 2016-01-14 Rudolf Gorenflo , Francesco Mainardi

In this paper, we consider a fractional Poisson random field (FPRF) on positive plane. It is defined as a process whose one dimensional distribution is the solution of a system of fractional partial differential equations. A time-changed…

Probability · Mathematics 2024-07-23 K. K. Kataria , P. Vishwakarma

Fractional renewal processes as a generalization of Poisson process are already in the literature. In this paper, by introducing a new concept of generalized density function, the authors construct new fractional renewal processes in the…

Statistics Theory · Mathematics 2014-10-30 Jung Hun Han

This paper is devoted to the study of a fractional version of non-linear $\mathpzc{M}^\nu(t)$, $t>0$, linear $M^\nu (t)$, $t>0$ and sublinear $\mathfrak{M}^\nu (t)$, $t>0$ death processes. Fractionality is introduced by replacing the usual…

Probability · Mathematics 2013-04-02 Enzo Orsingher , Federico Polito , Ludmila Sakhno

We use a noncommutative generalization of Fourier analysis to define a broad class of pseudo-probability representations, which includes the known bosonic and discrete Wigner functions. We characterize the groups of quantum unitary…

Mathematical Physics · Physics 2020-05-19 Sang Jun Park , Cedric Beny , Hun Hee Lee

This chapter is an attempt to present a mathematical theory of compound fractional Poisson processes. The chapter begins with the characterization of a well-known L\'evy process: The compound Poisson process. The semi-Markov extension of…

Probability · Mathematics 2011-03-04 Enrico Scalas

In this paper, we introduce a space fractional negative binomial (SFNB) process by subordinating the space fractional Poisson process to a gamma subordinator. Its one-dimensional distributions are derived in terms of generalized Wright…

Probability · Mathematics 2016-04-05 L. Beghin , P. Vellaisamy

This paper defines a new class of fractional differential operators alongside a family of random variables whose density functions solve fractional differential equations equipped with these operators. These equations can be further used to…

Probability · Mathematics 2019-05-28 Corina D. Constantinescu , Jorge M. Ramirez , Wei R. Zhu

Dynamical scaling is an asymptotic property typical for the dynamics of first-order phase transitions in physical systems and related to self-similarity. Based on the integral-representation for the marginal probabilities of a fractional…

Probability · Mathematics 2021-07-23 Markus Kreer

The space-fractional and the time-fractional Poisson processes are two well-known models of fractional evolution. They can be constructed as standard Poisson processes with the time variable replaced by a stable subordinator and its…

Probability · Mathematics 2016-08-09 Luisa Beghin , Costantino Ricciuti

The binomial, the negative binomial, the Poisson, the compound Poisson and the Erlang distribution do all admit integral representations with respect to its (continuous) parameter. We use the Margulis-Russo type formulas for Bernoulli and…

Probability · Mathematics 2026-02-05 Guenter Last , Sergei Zuyev

In this paper we explore the theory of fractional powers of non-negative (and not necessarily self-adjoint) operators and its amazing relationship with the Chebyshev polynomials of the second kind to obtain results of existence, regularity…

Analysis of PDEs · Mathematics 2021-07-12 Flank D. M. Bezerra , Lucas A. Santos

In this paper we consider suitable families of power series distributed random variables, and we study their asymptotic behavior in the fashion of large (and moderate) deviations. We also present two examples of fractional counting…

Probability · Mathematics 2021-12-07 Claudio Macci , Barbara Pacchiarotti , Elena Villa

Fractional equations have become the model of choice in several applications where heterogeneities at the microstructure result in anomalous diffusive behavior at the macroscale. In this work we introduce a new fractional operator…

Numerical Analysis · Mathematics 2021-01-29 Marta D'Elia , Christian Glusa

In this article, we introduce fractional Poisson felds of order k in n-dimensional Euclidean space $R_n^+$. We also work on time-fractional Poisson process of order k, space-fractional Poisson process of order k and tempered version of…

Probability · Mathematics 2021-03-12 Neha Gupta , Arun Kumar