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In this paper, we formulate and investigate the notion of causal feedback strategies arising in linear-quadratic control problems for stochastic Volterra integral equations (SVIEs) with singular and non-convolution-type coefficients. We…

Optimization and Control · Mathematics 2024-12-30 Yushi Hamaguchi , Tianxiao Wang

We propose new numerical schemes for decoupled forward-backward stochastic differential equations (FBSDEs) with jumps, where the stochastic dynamics are driven by a $d$-dimensional Brownian motion and an independent compensated Poisson…

Numerical Analysis · Mathematics 2015-08-06 Weidong Zhao , Wei Zhang , Guannan Zhang

We take a new look at the problem of disentangling the volatility and jumps processes of daily stock returns. We first provide a computational framework for the univariate stochastic volatility model with Poisson-driven jumps that offers a…

Statistical Finance · Quantitative Finance 2021-04-30 Angelos Alexopoulos , Petros Dellaportas , Omiros Papaspiliopoulos

Investigate the stochastic dynamic non-linear system with the Wiener and the Poisson perturbations. For such systems we construct the program control with probability one, which allows this system to move on the given trajectory. In this…

Dynamical Systems · Mathematics 2012-01-17 Elena Karachanskaya

We study solutions of a class of one-dimensional continuous reflected backward stochastic Volterra integral equations driven by Brownian motion, where the reflection keeps the solution above a given stochastic process (lower obstacle). We…

Probability · Mathematics 2020-04-27 Nacira Agram , Boualem Djehiche

This work deals with backward stochastic differential equation (BSDE) with random marked jumps, and their applications to default risk. We show that these BSDEs are linked with Brownian BSDEs through the decomposition of processes with…

Optimization and Control · Mathematics 2012-06-05 Idris Kharroubi , Thomas Lim

Backward doubly stochastic Volterra integral equations (BDSVIEs, for short) are introduced and studied systematically. Well-posedness of BDSVIEs in the sense of introduced M-solutions is established. A comparison theorem for BDSVIEs is…

Probability · Mathematics 2019-06-26 Yufeng Shi , Jiaqiang Wen , Jie Xiong

We study the problem of optimal inside control of a stochastic Volterra equation driven by a Brownian motion and a Poisson random measure. We prove a sufficient and a necessary maximum principle for the optimal control when the trader has…

Optimization and Control · Mathematics 2017-03-28 Olfa Draouil

Spike variation technique plays a crucial role in deriving Pontryagin's type maximum principle of optimal controls for differential equations of several types, including ordinary differential equations (ODEs), partial differential equations…

Optimization and Control · Mathematics 2022-09-13 Tianxiao Wang , Jiongmin Yong

This paper provide a comprehensive analysis of the finite and long time behavior of continuous-time non-Markovian dynamical systems, with a focus on the forward Stochastic Volterra Integral Equations(SVIEs).We investigate the properties of…

Probability · Mathematics 2025-11-06 Emmanuel Gnabeyeu , Gilles Pagès

We consider stochastic differential equations driven by some Volterra processes. Under time reversal, these equations are transformed into past dependent stochastic differential equations driven by a standard Brownian motion. We are then in…

Probability · Mathematics 2012-12-24 Laurent Decreusefond

This paper is concerned with a unified treatment of linear quadratic control problem for stochastic Volterra integral equations (SVIEs), motivated by the various approaches and scattered results in the existing literature. A novel class of…

Optimization and Control · Mathematics 2024-12-13 Jiayin Gong , Tianxiao Wang

In this paper, the notion of singular backward stochastic Volterra integral equations (singular BSVIEs for short) in infinite dimensional space is introduced, and the corresponding well-posedness is carefully established. A class of…

Optimization and Control · Mathematics 2023-12-08 Tianxiao Wang , Mengliang Zheng

We study pathwise approximation of scalar stochastic differential equations at a single time point or globally in time by means of methods that are based on finitely many observations of the driving Brownian motion. We prove lower error…

Numerical Analysis · Mathematics 2017-10-25 Mario Hefter , André Herzwurm , Thomas Müller-Gronbach

This work provides a semi-analytic approximation method for decoupled forwardbackward SDEs (FBSDEs) with jumps. In particular, we construct an asymptotic expansion method for FBSDEs driven by the random Poisson measures with {\sigma}-finite…

Computational Finance · Quantitative Finance 2018-09-10 Masaaki Fujii , Akihiko Takahashi

We survey recent developments in the field of complexity of pathwise approximation in $p$-th mean of the solution of a stochastic differential equation at the final time based on finitely many evaluations of the driving Brownian motion.…

Probability · Mathematics 2024-03-04 T. Müller-Gronbach , L. Yaroslavtseva

Infinite horizon backward stochastic Volterra integral equations (BSVIEs for short) are investigated. We prove the existence and uniqueness of the adapted M-solution in a weighted $L^2$-space. Furthermore, we extend some important known…

Probability · Mathematics 2021-10-28 Yushi Hamaguchi

In this work we consider a stochastic differential equation (SDEs) with jump. We prove the existence and the uniqueness of solution of this equation in the strong sense under global Lipschitz condition. Generally, exact solutions of SDEs…

Numerical Analysis · Mathematics 2015-10-09 Jean Daniel Mukam

Stochastic evolution equations with compensated Poisson noise are considered in the variational approach with monotone and coercive coefficients. Here the Poisson noise is assumed to be time-homogeneous with $\sigma$-finite intensity…

Probability · Mathematics 2022-04-20 Sima Mehri , Erfan Salavati , Bijan Z. Zangeneh

The problem of integrated volatility estimation for the solution X of a stochastic differential equation with L{\'e}vy-type jumps is considered under discrete high-frequency observations in both short and long time horizon. We provide an…

Statistics Theory · Mathematics 2020-05-01 Chiara Amorino , Arnaud Gloter