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Scalar dynamic risk measures for univariate positions in continuous time are commonly represented as backward stochastic differential equations. In the multivariate setting, dynamic risk measures have been defined and studied as families of…

Risk Management · Quantitative Finance 2021-01-19 Çağın Ararat , Zachary Feinstein

In this paper, we introduce a large class of convergent numerical methods, based on (linear) basis function regression technique, to approximate the solution to a forward-backward stochastic differential equation with jumps (FBSDEJ…

Computational Finance · Quantitative Finance 2020-11-03 Tingting Ye , Liangliang Zhang

Inspired by Strotz's consistent planning strategy, we formulate the infinite horizon mean-variance stopping problem as a subgame perfect Nash equilibrium in order to determine time consistent strategies with no regret. Equilibria among…

Mathematical Finance · Quantitative Finance 2019-04-22 Erhan Bayraktar , Jingjie Zhang , Zhou Zhou

We introduce an infinite time horizon Brownian bridge which is determined by a stochastic Langevin equation with time dependent drift coefficient. We show that this process goes to zero almost surely when the time goes to infinity and study…

Probability · Mathematics 2020-07-17 Yaozhong Hu , Yuejuan Xi

We study quadratic optimal stochastic control problems with control dependent noise state equation perturbed by an affine term and with stochastic coefficients. Both infinite horizon case and ergodic case are treated. To this purpose we…

Probability · Mathematics 2013-04-10 Giuseppina Guatteri , Federica Masiero

The technique of stochastic solutions, previously used for deterministic equations, is here proposed as a solution method for partial differential equations driven by distribution-valued noises.

Probability · Mathematics 2024-08-22 R. Vilela Mendes

A backward stochastic differential equation (BSDE) is an SDE of the form $-dY_t = f(t,Y_t,Z_t)dt - Z_t^*dW_t;\ Y_T = \xi$. The subject of BSDEs has seen extensive attention since their introduction in the linear case by Bismut (1973) and in…

Probability · Mathematics 2023-12-13 Weiye Yang

This work concerns about forward-backward multivalued stochastic systems. First of all, we prove one average principle for general stochastic differential equations in the $L^{2p}$ ($p\geq 1$) sense. Moreover, for $p=1$ a convergence rate…

Probability · Mathematics 2023-11-14 Huijie Qiao

In this paper, we are concerned with the stochastic time-fractional diffusion-wave equations in a Hilbert space. The main objective of this paper is to establish properties of the stochastic weak solutions of the initial-boundary value…

Analysis of PDEs · Mathematics 2023-06-28 Matti Lassas , Zhiyuan Li , Zhidong Zhang

Backward stochastic partial differential equations of parabolic type with variable coefficients are considered in the whole Euclidean space. Improved existence and uniqueness results are given in the Sobolev space $H^n$ ($=W^n_2$) under…

Probability · Mathematics 2009-11-09 Kai Du , Qingxin Meng

In this paper, our goal is solving backward doubly stochastic differential equation (BDSDE for short) under weak assumptions on the data. The first part of the paper is devoted to the development of some new technical aspects of stochastic…

Probability · Mathematics 2009-07-14 Auguste Aman

Our aim is to study the backward problem, i.e. recover the initial data from the terminal observation, of the subdiffusion with time dependent coefficients. First of all, by using the smoothing property of solution operators and a…

Numerical Analysis · Mathematics 2023-02-01 Zhengqi Zhang , Zhi Zhou

This paper is devoted to study the asymptotic properties for the solution of decoupled forward backward stochastic differential equations with delayed generator. As an application, we establish a large deviation principe for solution of the…

Probability · Mathematics 2022-02-16 Clément Manga , Auguste Aman , Navegué Tuo

This paper establishes a converse comparison theorem for real-valued decoupled forward backward stochastic differential equations with jumps.

Probability · Mathematics 2011-05-25 Xavier De Scheemaekere

This paper is concerned with a linear quadratic stochastic Stackelberg differential game with time delay. The model is general, in which the state delay and the control delay both appear in the state equation, moreover, they both enter into…

Optimization and Control · Mathematics 2020-12-29 Weijun Meng , Jingtao Shi

We consider a time-fractional subdiffusion equation with a Caputo derivative in time, a general second-order elliptic spatial operator, and a right-hand side that is non-smooth in time. The presence of the latter may lead to locking…

Numerical Analysis · Mathematics 2024-01-04 Sebastian Franz , Natalia Kopteva

Study of stochastic differential equations on the field of p-adic numbers was initiated by the second author and has been developed by the first author, who proved several results for the p-adic case, similar to the theory of ordinary…

Probability · Mathematics 2007-08-14 Hiroshi Kaneko , Anatoly N. Kochubei

We present a Bayesian non-parametric way of inferring stochastic differential equations for both regression tasks and continuous-time dynamical modelling. The work has high emphasis on the stochastic part of the differential equation, also…

Machine Learning · Statistics 2020-06-29 Martin Jørgensen , Marc Peter Deisenroth , Hugh Salimbeni

We consider the Stokes phenomenon for the solutions of some partial differential equations with variable coefficients in two complex variables, where initial data are holomorphic. We use the theory of (moment) summability and the theory of…

Analysis of PDEs · Mathematics 2022-06-28 Bożena Tkacz

In this paper we study reflected backward stochastic differential equations with a continuous, linear growth coefficient and two barriers which belong to L^2. We prove that there exists at least by penalization method.

Probability · Mathematics 2008-07-15 Shaolin Ji , Zhen Wu , Li Zhou
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