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Based on a rough path foundation, we develop a model-free approach to stochastic portfolio theory (SPT). Our approach allows to handle significantly more general portfolios compared to previous model-free approaches based on F{\"o}llmer…

Probability · Mathematics 2023-06-19 Andrew L. Allan , Christa Cuchiero , Chong Liu , David J. Prömel

One of the key elements of Feynman's formulation of non-relativistic quantum mechanics is a so-called Feynman path integral. It plays an important role in the theory, but it appears as a postulate based on intuition rather than a…

Mathematical Physics · Physics 2015-01-27 E. S. Nathanson , P. E. T. Jørgensen

A fully regulated definition of Feynman's path integral is presented here. The proposed re-formulation of the path integral coincides with the familiar formulation whenever the path integral is well-defined. In particular, it is consistent…

Mathematical Physics · Physics 2018-01-17 Tobias Hartung

This paper is concerned with the relationship between forward-backward stochastic Volterra integral equations (FBSVIEs, for short) and a system of (non-local in time) path dependent partial differential equations (PPDEs, for short). Due to…

Probability · Mathematics 2021-01-26 Hanxiao Wang , Jiongmin Yong , Jianfeng Zhang

Combining fractional calculus and the Rough Path Theory we study the existence and uniqueness of mild solutions to evolutions equations driven by a H\"older continuous function with H\"older exponent in $(1/3,1/2)$. Our stochastic integral…

Analysis of PDEs · Mathematics 2013-05-06 María J. Garrido-Atienza , Kening Lu , Björn Schmalfuss

We give here a covariant definition of the path integral formalism for the Lagrangian, which leaves a freedom to choose anyone of many possible quantum systems that correspond to the same classical limit without adding new potential terms…

High Energy Physics - Theory · Physics 2009-09-25 Andres Jordan , Matias Libedinsky

We discuss path integrals for quantum mechanics with a potential which is a perturbation of the upside-down oscillator. We express the path integral (in the real time) by the Wiener measure. We obtain the Feynman integral for perturbations…

High Energy Physics - Theory · Physics 2023-05-23 Z. Haba

We demonstrate that the conventional path integral formulations generate inconsistent results exemplified by the geometric Brownian motion under the general stochastic interpretation. We thus develop a novel path integral formulation for…

Statistical Mechanics · Physics 2015-06-18 Ying Tang , Ruoshi Yuan , Ping Ao

In this work, we present a comprehensive theory of stochastic integration with respect to arbitrary cylindrical L\'evy processes in Hilbert spaces. Since cylindrical L\'evy processes do not enjoy a semi-martingale decomposition, our…

Probability · Mathematics 2024-03-18 Gergely Bodó , Markus Riedle

We discuss in a stochastic framework the interplay between Riemann-Liouville type operators applied to stochastic processes, real interpolation, bounded mean oscillation, and an approximation problem for stochastic integrals. We provide…

Probability · Mathematics 2021-08-24 Stefan Geiss , Tran-Thuan Nguyen

For a real c\`adl\`ag path $x$ we define sequence of semi-explicit quantities, which do not depend on any partitions and such that whenever $x$ is a path of a c\`adl\`ag semimartingale then these quantities tend a.s. to the continuous part…

Probability · Mathematics 2019-01-10 Rafał M. Łochowski

We show that for $\gamma<\sqrt{4/3}$, it is possible to define the Levy area of a planar Brownian motion with the Liouville measure of intermittency parameter $\gamma$ as the underlying area measure. We also consider the case of smoother…

Probability · Mathematics 2021-05-05 Isao Sauzedde

The Feynman path integral approach to quantum mechanics is examined in the case where the configuration space is curved. It is shown how the ambiguity that is present in the choice of path integral measure may be resolved if, in addition to…

High Energy Physics - Theory · Physics 2007-05-23 David J. Toms

In this paper we present a stepwise construction of the path integral over relativistic orbits in Euclidean spacetime. It is shown that the apparent problems of this path integral, like the breakdown of the naive Chapman-Kolmogorov…

High Energy Physics - Theory · Physics 2022-11-01 Benjamin Koch , Enrique Muñoz

Consistent dynamics which couples classical and quantum degrees of freedom exists. This dynamics is linear in the hybrid state, completely positive and trace preserving. Starting from completely positive classical-quantum master equations,…

Quantum Physics · Physics 2025-02-24 Jonathan Oppenheim , Zachary Weller-Davies

Optimal sample path properties of stochastic processes often involve generalized H\"{o}lder- or variation norms. Following a classical result of Taylor, the exact variation of Brownian motion is measured in terms of $\psi (x) \equiv $…

Probability · Mathematics 2007-11-02 Peter Friz , Harald Oberhauser

We provide a theory of manifold-valued rough paths of bounded 3 > p-variation, which we do not assume to be geometric. Rough paths are defined in charts, and coordinate-free (but connection-dependent) definitions of the rough integral of…

Classical Analysis and ODEs · Mathematics 2022-09-01 John Armstrong , Damiano Brigo , Thomas Cass , Emilio Ferrucci

Some parts of stochastic analysis on curved spaces are revisted. A concise proof of the quasi-invariance of the Wiener measure on the path spaces over a Riemannian manifold is presented. The shifts are allowed to be in the Cameron-Martin…

Probability · Mathematics 2013-11-19 Adnan Aboulalaa

The theory of rough paths arose from a desire to establish continuity properties of ordinary differential equations involving terms of low regularity. While essentially an analytic theory, its main motivation and applications are in…

Classical Analysis and ODEs · Mathematics 2025-01-28 Ilya Chevyrev

Stochastic computational models in the form of pure jump processes occur frequently in the description of chemical reactive processes, of ion channel dynamics, and of the spread of infections in populations. For spatially extended models,…

Numerical Analysis · Mathematics 2018-02-23 Augustin Chevallier , Stefan Engblom
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