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We study the discrete time risk process modelled by the skip-free random walk and we derive the results connected to the ruin probability, such as crossing the fixed level, for this kind of process. We use the method relying on the…

Probability · Mathematics 2017-09-08 Ivana Geček Tuđen

We study the asymptotic behavior of a multidimensional random walk in a general cone. We find the tail asymptotics for the exit time and prove integral and local limit theorems for a random walk conditioned to stay in a cone. The main step…

Probability · Mathematics 2015-06-04 Denis Denisov , Vitali Wachtel

Foss and Zachary (2003) and Foss, Palmowski and Zachary (2005) studied the probability of achieving a receding boundary on a time interval of random length by a random walk with a heavy-tailed jump distribution. They have proposed and…

Probability · Mathematics 2021-10-22 Pavel Tesemnikov , Sergey Foss

The usual development of the continuous-time random walk (CTRW) proceeds by assuming that the present is one of the jumping times. Under this restrictive assumption integral equations for the propagator and mean escape times have been…

Statistical Finance · Quantitative Finance 2009-07-17 Javier Villarroel , Miquel Montero

We reconsider a classical, well-studied problem from applied probability. This is the max-sum equivalence of randomly weighted sums, and the originality is because we manage to include interdependence among the primary random variables, as…

There have been extensive studies of a random walk among a field of immobile traps (or obstacles), where one is interested in the probability of survival as well as the law of the random walk conditioned on its survival up to time $t$. In…

Probability · Mathematics 2019-10-25 Siva Athreya , Alexander Drewitz , Rongfeng Sun

We consider random walks on the line given by a sequence of independent identically distributed jumps belonging to the strict domain of attraction of a stable distribution, and first determine the almost sure exponential divergence rate, as…

Probability · Mathematics 2013-03-19 Francoise Pene , Benoît Saussol , Roland Zweimüller

We study a model of market economics wherein the $(n+1)$-st customer, for each $n\geqslant N$, with $N$ being a prespecified positive integer, draws a sample of (random) size $K_{n}$, either with replacement or without, from the customers…

Probability · Mathematics 2026-04-21 Sooraj M , Moumanti Podder , Archi Roy

This paper is concerned with the limit theory of the extreme order statistics derived from random walks. We establish the joint convergence of the order statistics near the minimum of a random walk in terms of the Feller chains. Detailed…

Probability · Mathematics 2021-09-29 Jim Pitman , Wenpin Tang

In this paper we consider a compound Poisson risk model with regularly varying claim sizes. For this model in [1] an asymptotic formula for the finite time ruin probability is provided when the time is scaled by the mean excess function. In…

Probability · Mathematics 2011-12-13 Søren Asmussen , Dominik Kortschak

We study the long-time behavior of decoupled continuous-time random walks characterized by superheavy-tailed distributions of waiting times and symmetric heavy-tailed distributions of jump lengths. Our main quantity of interest is the…

Statistical Mechanics · Physics 2011-12-30 S. I. Denisov , S. B. Yuste , Yu. S. Bystrik , H. Kantz , K. Lindenberg

The Elephant Random Walk (ERW), first introduced by Sch\"utz and Trimper (2004), is a one-dimensional simple random walk on $ \mathbb{Z} $ having a memory about the whole past. We study the Shark Random Swim, a random walk whose steps are $…

Probability · Mathematics 2018-10-10 Silvia Businger

In this thesis, we study the diffusive and ballistic behaviors of random walk in random environment (RWRE) in an integer lattice with dimension at least 2. Our contributions are in three directions: a conditional law of large numbers and…

Probability · Mathematics 2012-10-08 Xiaoqin Guo

In this article we study a one dimensional model for a polymer in a poor solvent: the random walk on $\mathbb{Z}$ penalized by its range. More precisely, we consider a Gibbs transformation of the law of the simple symmmetric random walk by…

Probability · Mathematics 2022-07-21 Nicolas Bouchot

In Robbins' problem of minimizing the expected rank, a finite sequence of $n$ independent, identically distributed random variables are observed sequentially and the objective is to stop at such a time that the expected rank of the selected…

Probability · Mathematics 2020-06-16 Pieter C. Allaart , Andrew Allen

A collection of identical and independent rare event first passage times is considered. The problem of finding the fastest out of $N$ such events to occur is called an extreme first passage time. The rare event times are singular and limit…

Biological Physics · Physics 2024-04-26 James MacLaurin , Jay M. Newby

We continue our study of the unidirectional elephant random walk (uERW) initiated in {\it {Electron. Commun. Probab.}} ({\bf 29} 2024, article no. 78). In this paper we obtain definitive results when the memory exponent $\beta\in (-1,…

Probability · Mathematics 2025-04-02 Rahul Roy , Masato Takei , Hideki Tanemura

We consider a random walk in confined geometry, starting from a site and eventually reaching a target site. We calculate analytically the distribution of the occupation time on a third site, before reaching the target site. The obtained…

Statistical Mechanics · Physics 2009-11-13 S. Condamin , V. Tejedor , O. Benichou

Consider a simple symmetric random walk on the integer lattice $\mathbb{Z}$. Let $E(n)$ denote a favorite edge of the random walk at time $n$. In this paper, we study the escape rate of $E(n)$, and show that almost surely…

Probability · Mathematics 2023-03-24 Chen-Xu Hao

We consider a random walk among a Poisson system of moving traps on ${\mathbb Z}$. In earlier work [DGRS12], the quenched and annealed survival probabilities of this random walk have been investigated. Here we study the path of the random…

Probability · Mathematics 2017-02-01 Siva Athreya , Alexander Drewitz , Rongfeng Sun