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Related papers: On Hawkes Processes with Infinite Mean Intensity

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Quadratic Hawkes (QHawkes) processes have proved effective at reproducing the statistics of price changes, capturing many of the stylised facts of financial markets. Motivated by the recently reported strong occurrence of endogenous…

Trading and Market Microstructure · Quantitative Finance 2023-02-15 Cécilia Aubrun , Michael Benzaquen , Jean-Philippe Bouchaud

We establish the asymptotic validity of frequency-domain inference for stationary multivariate Hawkes processes under mild conditions, bridging the gap between theory and application. By developing upper-bounds on the reduced cumulant…

Statistics Theory · Mathematics 2026-04-14 Yifu Tang , Conor Kresin , Boris Baeumer , Ting Wang

We investigate the nonparametric estimation problem of the density $\pi$, representing the stationary distribution of a two-dimensional system $\left(Z_t\right)_{t \in[0, T]}=\left(X_t, \lambda_t\right)_{t \in[0, T]}$. In this system, $X$…

Statistics Theory · Mathematics 2025-10-01 Chiara Amorino , Charlotte Dion-Blanc , Arnaud Gloter , Sarah Lemler

Hawkes process is a simple point process that is self-exciting and has clustering effect. The intensity of this point process depends on its entire past history. It has wide applications in finance, neuroscience, social networks,…

Probability · Mathematics 2018-10-02 Xuefeng Gao , Lingjiong Zhu

Hawkes point processes are first-order non-Markovian stochastic models of intermittent bursty dynamics with applications to physical, seismic, epidemic, biological, financial, and social systems. While accounting for positive feedback loops…

Statistical Mechanics · Physics 2023-02-02 Kiyoshi Kanazawa , Didier Sornette

In this paper, we investigate the asymptotic behavior of nearly unstable Hawkes processes whose regression kernel has $L^1$ norm strictly greater than one and close to one as time goes to infinity. We find that,the scaling size determines…

Probability · Mathematics 2026-01-14 Chenguang Liu , Liping Xu , An Zhang

Hawkes processes are a class of point processes that have the ability to model the self- and mutual-exciting phenomena. Although the classic Hawkes processes cover a wide range of applications, their expressive ability is limited due to…

Machine Learning · Computer Science 2021-06-10 Feng Zhou , Quyu Kong , Yixuan Zhang , Cheng Feng , Jun Zhu

In this paper, we establish the asymptotic behavior of {\it supercritical} nearly unstable Hawkes processes with a power law kernel. We find that, the Hawkes process in our context admits a similar equation to that in \cite{MR3563196} for…

Probability · Mathematics 2025-04-25 Liping Xu , An Zhang

Hawkes process is a class of simple point processes with self-exciting and clustering properties. Hawkes process has been widely applied in finance, neuroscience, social networks, criminology, seismology, and many other fields. In this…

Probability · Mathematics 2018-11-05 Fuqing Gao , Lingjiong Zhu

A point process for event arrivals in high frequency trading is presented. The intensity is the product of a Hawkes process and high dimensional functions of covariates derived from the order book. Conditions for stationarity of the process…

Trading and Market Microstructure · Quantitative Finance 2026-05-12 Luca Mucciante , Alessio Sancetta

We consider infinite heterogeneous networks, consisting of input-to-state stable subsystems of possibly infinite dimension. We show that the network is input-to-state stable, provided that the gain operator satisfies a certain small-gain…

Optimization and Control · Mathematics 2021-07-29 Andrii Mironchenko , Christoph Kawan , Jochen Glück

Event-driven systems in fields such as neuroscience, social networks, and finance often exhibit dynamics influenced by continuously evolving external covariates. Motivated by these applications, we introduce a new class of multivariate…

Statistics Theory · Mathematics 2025-12-02 Maya Sadeler Perrin , Anna Bonnet , Charlotte Dion-Blanc , Adeline Samson

The Hawkes process models self-exciting event streams, requiring a strictly non-negative and stable stochastic intensity. Standard identification methods enforce these properties using non-negative causal bases, yielding conservative…

Systems and Control · Electrical Eng. & Systems 2026-05-19 Xinhui Rong , Girish N. Nair

Hawkes process (HP) is a point process with a conditionally dependent intensity function. This paper defines the tempered fractional Hawkes process (TFHP) by time-changing the HP with an inverse tempered stable subordinator. We obtained…

Probability · Mathematics 2024-05-17 Neha Gupta , Aditya Maheshwari

The Hawkes process is a class of point processes whose future depends on their own history. Previous theoretical work on the Hawkes process is limited to a special case in which a past event can only increase the occurrence of future…

Methodology · Statistics 2019-06-21 Shizhe Chen , Ali Shojaie , Eric Shea-Brown , Daniela Witten

We study a multivariate, non-linear Hawkes process $Z^N$ on a $q$-Erd\H{o}s-R\'{e}nyi-graph with $N$ nodes. Each vertex is either excitatory (probability $p$) or inhibitory (probability $1-p$). If $p\neq\tfrac12$, we take the mean-field…

Probability · Mathematics 2023-11-27 Jakob Stiefel

We propose a fast and efficient estimation method that is able to accurately recover the parameters of a d-dimensional Hawkes point-process from a set of observations. We exploit a mean-field approximation that is valid when the…

Machine Learning · Computer Science 2016-04-20 Emmanuel Bacry , Stéphane Gaïffas , Iacopo Mastromatteo , Jean-François Muzy

We study stochastic particle systems that conserve the particle density and exhibit a condensation transition due to particle interactions. We restrict our analysis to spatially homogeneous systems on finite lattices with stationary product…

Statistical Mechanics · Physics 2018-05-09 Thomas Rafferty , Paul Chleboun , Stefan Grosskinsky

We introduce a model-independent approximation for the branching ratio of Hawkes self-exciting point processes. Our estimator requires knowing only the mean and variance of the event count in a sufficiently large time window, statistics…

Statistical Finance · Quantitative Finance 2014-12-17 Stephen J. Hardiman , Jean-Philippe Bouchaud

Given a stationary point process, an intensity burst is defined as a short time period during which the number of counts is larger than the typical count rate. It might signal a local non-stationarity or the presence of an external…

Trading and Market Microstructure · Quantitative Finance 2018-04-04 Marcello Rambaldi , Vladimir Filimonov , Fabrizio Lillo