English
Related papers

Related papers: Time-changed \levy processes and option pricing: a…

200 papers

Time-reversibility is a crucial feature of many time series models, while time-irreversibility is the rule rather than the exception in real-life data. Testing the null hypothesis of time-reversibilty, therefore, should be an important step…

Methodology · Statistics 2024-11-19 Yuichi Goto , Marc Hallin

The problem of scheduling with testing in the framework of explorable uncertainty models environments where some preliminary action can influence the duration of a task. In the model, each job has an unknown processing time that can be…

Data Structures and Algorithms · Computer Science 2021-08-20 Susanne Albers , Alexander Eckl

In this paper we consider the pricing of options on interest rates such as caplets and swaptions in the L\'evy Libor model developed by Eberlein and \"Ozkan (2005). This model is an extension to L\'evy driving processes of the classical…

Pricing of Securities · Quantitative Finance 2016-07-21 Zorana Grbac , David Krief , Peter Tankov

We study the asymptotic behaviour of a properly normalized time-changed multidimensional Wiener process; the time change is given by an additive functional of the Wiener process itself. At the level of generators, the time change means that…

Probability · Mathematics 2025-01-22 Yuliia Mishura , René L. Schilling

Abel's classic transformation shows that any well-posed system with time-varying delay is equivalent to a parameter-varying system with fixed delay. The existence of such a parameter-varying constant delay representation then simplifies the…

Optimization and Control · Mathematics 2026-03-18 Sengiyumva Kisole , Jungbae Chun , Peter Seiler , Matthew M. Peet

In this paper we develop a novel recommendation model that explicitly incorporates time information. The model relies on an embedding layer and TSL attention-like mechanism with inner products in different vector spaces, that can be thought…

One critical challenge of time-series modeling is how to learn and quickly correct the model under unknown distribution shifts. In this work, we propose a principled framework, called LiLY, to first recover time-delayed latent causal…

Machine Learning · Statistics 2022-02-25 Weiran Yao , Guangyi Chen , Kun Zhang

This paper investigates the effect of constant time delay in weakly connected multi-agent systems modeled by double integrator dynamics. A novel analytical approach is proposed to establish an upper bound on the permissible time delay that…

Systems and Control · Electrical Eng. & Systems 2025-05-20 Layan Badran , Kiarash Aryankia , Rastko R. Selmic

It is an interesting open problem to achieve adaptive prescribed-time control for strict-feedback systems with unknown and fast or even abrupt time-varying parameters. In this paper we present a solution with the aid of several design and…

Systems and Control · Electrical Eng. & Systems 2022-10-25 Hefu Ye , Yongduan Song

Subordinating a random walk to a renewal process yields a continuous time random walk (CTRW) model for diffusion, including the possibility of anomalous diffusion. Transition densities of scaling limits of power law CTRWs have been shown to…

Probability · Mathematics 2010-05-14 Peter Straka , Bruce Ian Henry

The Constant Elasticity of Variance (CEV) model is mathematically presented and then used in a Credit-Equity hybrid framework. Next, we propose extensions to the CEV model with default: firstly by adding a stochastic volatility diffusion…

Probability · Mathematics 2007-05-23 Marc Atlan , Boris Leblanc

Motivated by a capacity allocation problem within a finite planning period, we conduct a transient analysis of a single-server queue with L\'evy input. From a cost minimization perspective, we investigate the error induced by using…

Probability · Mathematics 2016-04-19 Britt Mathijsen , Bert Zwart

In many traditional job scheduling settings, it is assumed that one knows the time it will take for a job to complete service. In such cases, strategies such as shortest job first can be used to improve performance in terms of measures such…

Data Structures and Algorithms · Computer Science 2019-05-24 Michael Mitzenmacher

We propose a timed and soft extension of Concurrent Constraint Programming. The time extension is based on the hypothesis of bounded asynchrony: the computation takes a bounded period of time and is measured by a discrete global clock.…

Programming Languages · Computer Science 2015-10-07 Stefano Bistarelli , Maurizio Gabbrielli , Maria Chiara Meo , Francesco Santini

We establish several closed pricing formula for various path-independent payoffs, under an exponential L\'evy model driven by the Variance Gamma process. These formulas take the form of quickly convergent series and are obtained via tools…

Pricing of Securities · Quantitative Finance 2020-06-03 Jean-Philippe Aguilar

We introduce a novel modeling approach for time series imputation and forecasting, tailored to address the challenges often encountered in real-world data, such as irregular samples, missing data, or unaligned measurements from multiple…

A novel method to solve inverse problems for the wave equation is introduced. The method is a combination of the boundary control method and an iterative time reversal scheme, leading to adaptive imaging of coefficient functions of the wave…

Analysis of PDEs · Mathematics 2007-05-23 Kenrick Bingham , Yaroslav Kurylev , Matti Lassas , Samuli Siltanen

We present an empirical study of the first passage time (FPT) of order book prices needed to observe a prescribed price change Delta, the time to fill (TTF) for executed limit orders and the time to cancel (TTC) for canceled ones in a…

Physics and Society · Physics 2008-12-21 Zoltan Eisler , Janos Kertesz , Fabrizio Lillo , Rosario N. Mantegna

In this paper, we consider a wide class of time-varying multivariate causal processes which nests many classic and new examples as special cases. We first prove the existence of a weakly dependent stationary approximation for our model…

Econometrics · Economics 2022-06-02 Jiti Gao , Bin Peng , Wei Biao Wu , Yayi Yan

Panel data are modern statistical tools which are commonly used in all kinds of econometric problems under various regularity assumptions. The panel data models with changepoints are introduced together with atomic pursuit methods and they…

Statistics Theory · Mathematics 2019-09-24 Matúš Maciak