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We consider filtration consistent nonlinear expectations in probability spaces satisfying only the usual conditions and separability. Under a domination assumption, we demonstrate that these nonlinear expectations can be expressed as the…

Probability · Mathematics 2011-02-28 Samuel N. Cohen

In this paper we extend the notion of ``filtration-consistent nonlinear expectation" (or "${\cal F}$-consistent nonlinear expectation") to the case when it is allowed to be dominated by a $g$-expectation that may have a quadratic growth. We…

Probability · Mathematics 2007-05-23 Ying Hu , Jin Ma , Shige Peng , Song Yao

In this paper, we obtain a comparison theorem and a invariant representation theorem for backward stochastic differential equations (BSDEs) without any assumption on the second variable $z$. Using the two results, we further develop the…

Probability · Mathematics 2024-03-05 Shiqiu Zheng

A system of dynamically consistent nonlinear evaluation (${\cal{F}}$-evaluation) provides an ideal characterization for the dynamical behaviors of risk measures and the pricing of contingent claims. The purpose of this paper is to study the…

Probability · Mathematics 2016-07-21 Shiqiu Zheng , Shoumei Li

This paper is addressed to the well-posedness of some linear and semilinear backward stochastic differential equations with general filtration, without using the Martingale Representation Theorem. The point of our approach is to introduce a…

Probability · Mathematics 2011-04-05 Qi Lu , Xu Zhang

How an economic agent (a firm, an investor or a financial market) evaluates a contingent claim, say a European type of derivatives X, with maturity t? In this paper we study a mechanism of dynamic expectations and evaluations. We give the…

Probability · Mathematics 2007-05-23 Shi-Ge Peng

In this paper, we obtain a new estimate for uniform integrability under sublinear expectations. Based on this, we establish the limit theorems under nonlinear expectations dominated by sublinear expectations through tightness, and the limit…

Probability · Mathematics 2025-06-23 Xiaojuan Li , Mingshang Hu

In this paper, we establish representation theorems for generators of backward stochastic differential equations (BSDEs in short) in probability spaces with general filtration from the perspective of transposition solutions of BSDEs. As…

Probability · Mathematics 2019-12-11 Panyu Wu , Guodong Zhang

We derive sufficient conditions for the convex and monotonic g-stochastic ordering of diffusion processes under nonlinear g-expectations and g-evaluations. Our approach relies on comparison results for forward-backward stochastic…

Probability · Mathematics 2022-04-13 Sel Ly , Nicolas Privault

This paper focuses on inverse problems to identify parameters by incorporating information from measurements. These generally ill-posed problems are formulated here in a probabilistic setting based on Bayes's theorem because it leads to a…

Numerical Analysis · Mathematics 2019-12-20 Jaroslav Vondřejc , Hermann G. Matthies

The article presents a systematic study of the problem of conditioning a Gaussian random variable $\xi$ on nonlinear observations of the form $F \circ \phi(\xi)$ where $\phi: \mathcal{X} \to \mathbb{R}^N$ is a bounded linear operator and…

Machine Learning · Statistics 2024-05-24 Yifan Chen , Bamdad Hosseini , Houman Owhadi , Andrew M Stuart

In this paper, we are concerned with the averaging problem for a class of forward-backward stochastic differential equations with reflection driven by G-Brownian motion (reflected G-FBSDEs), which corresponds to the singular perturbation…

Probability · Mathematics 2025-03-04 Mengyao Hou

We introduce a notion of nonlinear expectation --G--expectation-- generated by a nonlinear heat equation with infinitesimal generator G. We first discuss the notion of G-standard normal distribution. With this nonlinear distribution we can…

Probability · Mathematics 2007-05-23 Shige Peng

In this paper, we study the existence and uniqueness of solutions to the fully coupled nonlinear forward-backward stochastic differential equations driven by G-Brownian motion. Assuming that the diffusion coefficient $\sigma$ is uniformly…

Probability · Mathematics 2021-04-15 Huan Lu , Yongsheng Song

Stochastic incompleteness of a Riemannian manifold $M$ amounts to the nonconservation of probability for the heat semigroup on $M$. We show that this property is equivalent to the existence of nonnegative, nontrivial, bounded (sub)solutions…

Analysis of PDEs · Mathematics 2025-11-21 Gabriele Grillo , Kazuhiro Ishige , Matteo Muratori , Fabio Punzo

This paper considers the nonlinear theory of G-martingales as introduced by Peng. A martingale representation theorem for this theory is proved by using the techniques and the results established in an accompanying paper for the second…

Probability · Mathematics 2013-06-18 H. M. Soner , N. Touzi , J. Zhang

This paper extends the domination-monotonicity conditions, which guarantee the well-posedness of extended mean-filed forward-backward stochastic differential equations (extended MF-FBSDEs), from the previously studied linear framework to a…

Optimization and Control · Mathematics 2026-05-12 Hao Wu

We consider a family of conditional nonlinear expectations defined on the space of bounded random variables and indexed by the class of all the sub-sigma-algebras of a given underlying sigma-algebra. We show that if this family satisfies a…

Mathematical Finance · Quantitative Finance 2025-06-04 Edoardo Berton , Alessandro Doldi , Marco Maggis

The purpose of this paper consists in proposing a generalized solution for a porous media type equation on a half-line with Neumann boundary condition and prove a probabilistic representation of this solution in terms of an associated…

Probability · Mathematics 2013-04-16 Ioana Ciotir , Francesco Russo

We consider reflected generalized backward doubly stochastic differential equations driven by a non-homogeneous L\'evy process. Under stochastic conditions on the coefficients, we prove the existence and uniqueness of a solution.…

Probability · Mathematics 2026-02-25 Badr Elmansouri , Mohammed Elhachemy , Mohamed Marzougue , Mohamed El Jamali
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