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Risk assessment for rare events is essential for understanding systemic stability in complex systems. As rare events are typically highly correlated, it is important to study heavy-tailed multivariate distributions of the relevant…

Statistical Finance · Quantitative Finance 2025-12-02 Efstratios Manolakis , Anton J. Heckens , Benjamin Köhler , Thomas Guhr

At high levels, the asymptotic distribution of a stationary, regularly varying Markov chain is conveniently given by its tail process. The latter takes the form of a geometric random walk, the increment distribution depending on the sign of…

Methodology · Statistics 2014-12-11 Holger Drees , Johan Segers , Michał Warchoł

We present a general method for constructing stochastic processes with prescribed local form. Such processes include variable amplitude multifractional Brownian motion, multifractional $\alpha$-stable processes, and multistable processes,…

Probability · Mathematics 2008-02-06 K. J. Falconer , J. Levy Vehel

A Large Deviation Principle (LDP) is established for the stationary distribution of the number of customers in a many--server queue in heavy traffic for a moderate deviation scaling akin to the Halfin--Whitt regime. The interarrival and…

Probability · Mathematics 2025-12-17 Anatolii A. Puhalskii

The characteristic feature of the discrete scale invariant (DSI) processes is the invariance of their finite dimensional distributions by dilation for certain scaling factor. DSI process with piecewise linear drift and stationary increments…

Methodology · Statistics 2017-09-05 N. Modarresi , S. Rezakhah

We propose to solve a constrained distribution steering problem, i.e., steering a stochastic linear system from an initial distribution to some final, desired distribution subject to chance constraints. We do so by characterizing the…

Optimization and Control · Mathematics 2021-10-14 Vignesh Sivaramakrishnan , Joshua Pilipovsky , Meeko M. K. Oishi , Panagiotis Tsiotras

In this work, we consider systems that are subjected to intermittent instabilities due to external stochastic excitation. These intermittent instabilities, though rare, have a large impact on the probabilistic response of the system and…

Chaotic Dynamics · Physics 2017-06-02 Mustafa A. Mohamad , Themistoklis P. Sapsis

Many real time-series exhibit behavior adequate to long range dependent data. Additionally very often these time-series have constant time periods and also have characteristics similar to Gaussian processes although they are not Gaussian.…

Data Analysis, Statistics and Probability · Physics 2017-01-04 A. Kumar , A. Wyłomańska , R. Połoczański , S. Sundar

It is argued that there is a need for fat-tailed distributions that become thin in the extreme tail. A 3-parameter distribution is introduced that visually resembles the t-distribution and interpolates between the normal distribution and…

Statistics Theory · Mathematics 2022-02-08 Rose D Baker

Multifractional processes extend the concept of fractional Brownian motion by replacing the constant Hurst parameter with a time-varying Hurst function. This extension allows for modulation of the roughness of sample paths over time. The…

Probability · Mathematics 2025-03-11 Antoine Ayache , Andriy Olenko , Nemini Samarakoon

A class of Gaussian processes generalizing the usual fractional Brownian motion for Hurst indices in (1/2,1) and multifractal Brownian motion introduced in Ralchenko and Shevchenko (Theory Probab Math Stat 80, 2010) and Boufoussi et al.…

Probability · Mathematics 2013-07-08 Jelena Ryvkina

Computing the distribution of trajectories from a Gaussian Process model of a dynamical system is an important challenge in utilizing such models. Motivated by the computational cost of sampling-based approaches, we consider approximations…

Machine Learning · Statistics 2023-05-16 Steffen Ridderbusch , Sina Ober-Blöbaum , Paul Goulart

The location of the unique supremum of a stationary process on an interval does not need to be uniformly distributed over that interval. We describe all possible distributions of the supremum location for a broad class of such stationary…

Probability · Mathematics 2011-10-10 Gennady Samorodnitsky , Yi Shen

We present a derivation of a recently proposed theory for the time dependence of density fluctuations in stationary states of strongly interacting, athermal, self-propelled particles. The derivation consists of two steps. First, we start…

Soft Condensed Matter · Physics 2016-01-13 Grzegorz Szamel

Fractional Brownian motion, a Gaussian non-Markovian self-similar process with stationary long-correlated increments, has been identified to give rise to the anomalous diffusion behavior in a great variety of physical systems. The…

The upper extremes of a Markov chain with regulary varying stationary marginal distribution are known to exhibit under general conditions a multiplicative random walk structure called the tail chain. More generally, if the Markov chain is…

Probability · Mathematics 2007-06-13 Johan Segers

Within the study of uncertain dynamical systems, iterated random functions are a key tool. There, one samples a family of functions according to a stationary distribution. Here, we introduce an extension, where one sample functions…

Probability · Mathematics 2019-09-24 Ramen Ghosh , Jakub Marecek , Robert Shorten

In this paper, we study quasi-stationary distributions of nonlinearly perturbed semi-Markov processes in discrete time. This type of distributions is of interest for the analysis of stochastic systems which have finite lifetimes, but are…

Probability · Mathematics 2016-04-28 Mikael Petersson

In this paper, the recurrent events that can occur more than one over the follow-up time have been modeled by phase-type distributions. We use the finite-state continuous-time Markov process with multi states for patients with recurrent…

Methodology · Statistics 2022-01-26 Roufeh Asghari , Amin Hassan Zadeh

We introduce a notion of emergence for coarse-grained macroscopic variables associated with highly-multivariate microscopic dynamical processes, in the context of a coupled dynamical environment. Dynamical independence instantiates the…

Adaptation and Self-Organizing Systems · Physics 2023-07-26 Lionel Barnett , Anil K. Seth
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