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In contrast to their seemingly simple and shared structure of independence and stationarity, L\'evy processes exhibit a wide variety of behaviors, from the self-similar Wiener process to piecewise-constant compound Poisson processes.…

Probability · Mathematics 2024-11-14 Julien Fageot , Alireza Fallah , Thibaut Horel

We prove a decomposition theorem for irreducible components of Grassmannians of submodules, as well as for other schemes arising from representation theory, thus generalising the result of Crawley-Boevey and Schroer for module varieties.…

Representation Theory · Mathematics 2015-03-10 Andrew Hubery

The aim of this paper is to study the laws of the exponential functionals of the processes $X$ with independent increments, namely $$I_t= \int _0^t\exp(-X_s)ds, \,\, t\geq 0,$$ and also $$I_{\infty}= \int _0^{\infty}\exp(-X_s)ds.$$ Under…

Probability · Mathematics 2018-04-20 L. Vostrikova

A peculiar feature of It\^o's calculus is that it is an integral calculus that gives no explicit derivative with a systematic differentiation theory counterpart, as in elementary calculus. So, can we define a pathwise stochastic derivative…

Probability · Mathematics 2010-05-25 Hassan Allouba

We formalise the undecidability of solvability of Diophantine equations, i.e. polynomial equations over natural numbers, in Coq's constructive type theory. To do so, we give the first full mechanisation of the…

Logic in Computer Science · Computer Science 2023-06-22 Dominique Larchey-Wendling , Yannick Forster

We demonstrate the existence of a "L\'evy system" for the excursions of a one-dimensional diffusion process above its past-minimum process. As applications we provide a direct proof of D. Williams' decomposition (in both a global and a…

Probability · Mathematics 2013-08-26 P. J. Fitzsimmons

The paper is devoted to an adaptation of author's approach to Leray theorems in bounded cohomology theory to infinite chains. The main results are a stronger and more general form of Gromov's Vanishing-finiteness theorem and a…

Algebraic Topology · Mathematics 2020-12-17 Nikolai V. Ivanov

For any field $K$ and for a completely arbitrary graph $E$, we characterize the Leavitt path algebras $L_K(E)$ that are indecomposable (as a direct sum of two-sided ideals) in terms of the underlying graph. When the algebra decomposes, it…

Rings and Algebras · Mathematics 2017-10-12 Gonzalo Aranda Pino , Alireza Nasr-Isfahani

The important application of semi-static hedging in financial markets naturally leads to the notion of quasi self-dual processes. The focus of our study is to give new characterizations of quasi self-duality for exponential L\'evy processes…

Risk Management · Quantitative Finance 2012-01-26 Thorsten Rheinländer , Michael Schmutz

We revisit the proof of the de Moivre--Laplace theorem, which is the ancestor of the central limit theorem for the binomial distribution. Our goal is to provide a proof that can be reasonably presented to undergraduate students within a…

Probability · Mathematics 2025-12-30 Raphaël Cerf

These notes are devoted to the theory of exponential sums over finite fields. The first chapter recalls some of the number-theoretic interest of such sums. The second chapter discusses the $L$-functions attached to such sums, the "Weil…

Number Theory · Mathematics 2023-08-31 David T. Nguyen

An infinitely divisible distribution on $\mathbb{R}$ is a probability measure $\mu$ such that the characteristic function $\hat{\mu}$ has a L\'{e}vy-Khintchine representation with characteristic triplet $(a,\gamma, \nu)$, where $\nu$ is a…

Probability · Mathematics 2018-02-15 David Berger

Given a low frequency sample of an infinitely divisible moving average random field $\{\int_{\mathbb{R}^d} f(x-t)\Lambda(dx); \ t \in \mathbb{R}^d \}$ with a known simple function $f$, we study the problem of nonparametric estimation of the…

Statistics Theory · Mathematics 2017-05-29 Wolfgang Karcher , Stefan Roth , Evgeny Spodarev , Corinna Walk

It is shown that many of the classical generalized isoperimetric inequalities for the Laplacian when viewed in terms of Brownian motion extend to a wide class of Levy processes. The results are derived from the multiple integral…

Probability · Mathematics 2009-07-10 Rodrigo Banuelos , Pedro J. Mendez-Hernandez

We give new proofs of certain equivalent conditions for the existence of generalized moments of a L\'evy process $(X_t)_{t\geq 0}$; in particular, the existence of a generalized $g$-moment is equivalent to the uniform integrability of…

Probability · Mathematics 2022-02-21 David Berger , Franziska Kühn , René L. Schilling

To a higher Landau Level corresponds a generalization of the Poisson distribution arising from generalized coherent states. In this paper, we write down the atomic decomposition of this probability measure and expressed its weights through…

Probability · Mathematics 2015-02-18 Nizar Demni , Zouhair Mouayn

Consider a L\'evy process $Y(t)$ over an exponentially distributed time $T_\beta$ with mean $1/\beta$. We study the joint distribution of the running maximum $\bar{Y}(T_\beta)$ and the time epoch $G(T_\beta$) at which this maximum last…

Probability · Mathematics 2022-12-06 Onno Boxma , Offer Kella , Michel Mandjes

When analyzing probabilistic computations, a powerful approach is to first find a martingale---an expression on the program variables whose expectation remains invariant---and then apply the optional stopping theorem in order to infer…

Programming Languages · Computer Science 2018-03-16 Gilles Barthe , Thomas Espitau , Luis María Ferrer Fioriti , Justin Hsu

In this article, the problem of semi-parametric inference on the parameters of a multidimensional L\'{e}vy process $L_t$ with independent components based on the low-frequency observations of the corresponding time-changed L\'{e}vy process…

Methodology · Statistics 2012-01-31 Denis Belomestny

The drawbacks in the formulations of random infinite divisibility in Sandhya (1991, 1996), Gnedenko and Korelev (1996), Klebanov and Rachev (1996), Bunge (1996) and Kozubowski and Panorska (1996) are pointed out. For any given Laplace…

Probability · Mathematics 2007-06-13 S. Satheesh