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Letting~$N=\left\{N(t), t\geq0\right\}$ be a standard Poisson process, Stroock~ \cite{Stroock-1981} constructed a family of continuous processes by $$\Theta_{\epsilon}(t)=\int_0^t\theta_{\epsilon}(r)dr, \ \ \ \ \ 0 \le t \le 1,$$ where…

Probability · Mathematics 2022-06-06 Hui Jiang , Lihu Xu , Qingshan Yang

In this article, we consider slow-fast McKean-Vlasov stochastic differential equations driven by Brownian motions and fractional Brownian motions. We give a definition of the large deviation principle (LDP) on the product space related to…

Probability · Mathematics 2023-07-04 Hao Wu , Junhao Hu , Chenggui Yuan

In this paper, we derive the Onsager-Machlup functional for stochastic differential equations driven by time-varying fractional noise of the form X(t) = x0 + integral from 0 to t b_s(X(s)) ds + integral from 0 to t sigma_s dB^H(s), where…

Probability · Mathematics 2025-11-13 Yanbin Zhu , Xiaomeng Jiang , Yong Li

In this work, we study the problem of learning the volatility under market microstructure noise. Specifically, we consider noisy discrete time observations from a stochastic differential equation and develop a novel computational method to…

Methodology · Statistics 2024-03-19 Shota Gugushvili , Frank van der Meulen , Moritz Schauer , Peter Spreij

In this paper an arbitrage strategy is constructed for the modified Black-Scholes model driven by fractional Brownian motion or by a time changed fractional Brownian motion, when the volatility is stochastic. This latter property allows the…

Information Theory · Computer Science 2007-07-13 Erhan Bayraktar , H. Vincent Poor

The large deviation properties of equilibrium (reversible) lattice gases are mathematically reasonably well understood. Much less is known in non--equilibrium, namely for non reversible systems. In this paper we consider a simple example of…

Statistical Mechanics · Physics 2015-12-18 L. Bertini , A. De Sole , D. Gabrielli , G. Jona-Lasinio , C. Landim

We study the asymptotic behaviour of a class of small-noise diffusions driven by fractional Brownian motion, with random starting points. Different scalings allow for different asymptotic properties of the process (small-time and tail…

Probability · Mathematics 2018-12-21 B. Horvath , A. Jacquier , C. Lacombe

In this paper, we establish a large deviation principle for stochastic differential delay equations driven by both Brownian motions and Poisson random measures. The weak convergence method plays an important role.

Probability · Mathematics 2016-11-01 Yumeng Li , Ran Wang , Nian Yao , Shuguang Zhang

We consider the problem of estimating the roughness of the volatility process in a stochastic volatility model that arises as a nonlinear function of fractional Brownian motion with drift. To this end, we introduce a new estimator that…

Statistical Finance · Quantitative Finance 2026-04-17 Xiyue Han , Alexander Schied

In the setting of stochastic Volterra equations, and in particular rough volatility models, we show that conditional expectations are the unique classical solutions to path-dependent PDEs. The latter arise from the functional It\^o formula…

Probability · Mathematics 2026-05-27 Ofelia Bonesini , Antoine Jacquier , Alexandre Pannier

In this paper, we introduce and analyze the fractional Barndorff-Nielsen and Shephard (BN-S) stochastic volatility model. The proposed model is based upon two desirable properties of the long-term variance process suggested by the empirical…

Mathematical Finance · Quantitative Finance 2022-01-26 Nicholas Salmon , Indranil SenGupta

Fluctuation theorem is one of the major achievements in the field of nonequilibrium statistical mechanics during the past two decades. Steady-state fluctuation theorem of sample entropy production rate in terms of large deviation principle…

Probability · Mathematics 2016-08-24 Yong Chen , Hao Ge , Jie Xiong , Lihu Xu

The large deviation principle is established for the Poisson--Dirichlet distribution when the parameter $\theta$ approaches infinity. The result is then used to study the asymptotic behavior of the homozygosity and the Poisson--Dirichlet…

Probability · Mathematics 2007-05-23 Donald A. Dawson , Shui Feng

We prove a law of large numbers and functional central limit theorem for a class of multivariate Hawkes processes with time-dependent reproduction rate. We address the difficulties induced by the use of non-convolutive Volterra processes by…

Probability · Mathematics 2025-01-30 Thomas Deschatre , Pierre Gruet , Antoine Lotz

The paper concerns itself with establishing large deviation principles for a sequence of stochastic integrals and stochastic differential equations driven by general semimartingales in infinite-dimensional settings. The class of…

Probability · Mathematics 2017-08-25 Arnab Ganguly

If a self-map $\sigma \colon \mathcal{X} \rightarrow \mathcal{X}$ has a dynamical zeta function with nonzero radius of convergence $1/\Lambda$ and the Ces\`aro mean $B$ of $ \# \mathrm{Fix}(\sigma^k)/\Lambda^k$ exists and is positive, we…

Dynamical Systems · Mathematics 2026-05-26 Gunther Cornelissen , Sun Woo Park

A moderate deviation principle for nonlinear functions of Gaussian processes is established. The nonlinear functions need not be locally bounded. Especially, the logarithm is allowed. (Thus, small deviations of the process are relevant.)…

Probability · Mathematics 2007-05-23 Boris Tsirelson

Consider stochastic partial differential equations (SPDEs) with fully local monotone coefficients in a Gelfand triple $V\subseteq H\subseteq V^*$ $$ \left\{ \begin{align} &dX_t=A(t,X_t)dt+B(t,X_t)dW_t,\ t\in (0,T]\\\\& X_0=x\in H,…

Probability · Mathematics 2024-01-11 Tianyi Pan , Shijie Shang , Jianliang Zhai , Tusheng Zhang

Diffusion processes driven by Fractional Brownian motion (FBM) have often been considered in modeling stock price dynamics in order to capture the long range dependence of stock price observed in reality. Option prices for such models had…

Statistics Theory · Mathematics 2024-05-29 Ananya Lahiri , Rituparna Sen

This paper is devoted to the study of large deviation behaviors in the setting of the estimation of the regression function on functional data. A large deviation principle is stated for a process Zn, defined below, allowing to derive a…

Statistics Theory · Mathematics 2016-11-25 Djamal Louani , Sidi Mohamed Ould Maouloud