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Exponential L\'evy processes can be used to model the evolution of various financial variables such as FX rates, stock prices, etc. Considerable efforts have been devoted to pricing derivatives written on underliers governed by such…

Pricing of Securities · Quantitative Finance 2012-06-29 Leif Andersen , Alexander Lipton

We study asymptotic behavior of one-step $M$-estimators based on samples from arrays of not necessarily identically distributed random variables and representing explicit approximations to the corresponding consistent $M$-estimators. These…

Statistics Theory · Mathematics 2016-04-12 Yu. Yu. Linke

We characterize the class of exchangeable Feller processes evolving on partitions with boundedly many blocks. In continuous-time, the jump measure decomposes into two parts: a $\sigma$-finite measure on stochastic matrices and a collection…

Probability · Mathematics 2014-09-04 Harry Crane

We suppose that a L\'evy process is observed at discrete time points. Starting from an asymptotically minimax family of estimators for the continuous part of the L\'evy Khinchine characteristics, i.e., the covariance, we derive a…

Statistics Theory · Mathematics 2020-12-01 Katerina Papagiannouli

In many statistical applications that concern mathematical psychologists, the concept of Fisher information plays an important role. In this tutorial we clarify the concept of Fisher information as it manifests itself across three different…

Statistics Theory · Mathematics 2017-10-18 Alexander Ly , Maarten Marsman , Josine Verhagen , Raoul Grasman , Eric-Jan Wagenmakers

We derive general upper bounds to pointwise mutual information in terms of stochastic Fisher information and show these bounds average to known results in the literature for bounds to mutual information in terms of Fisher information. These…

Quantum Physics · Physics 2026-05-22 Pedro B. Melo

Recently new approaches for sensing the frequency of time dependent Hamiltonians have been presented, and it was shown that the optimal Fisher information scales as $T^{4}.$ We present here our interpretation of this new scaling, where the…

Quantum Physics · Physics 2017-09-13 Tuvia Gefen , Fedor Jelezko , Alex Retzker

We investigate the Poisson regression method for Markov and semi-Markov jump processes from a nonparametric angle, allowing the lengths of the time and duration intervals in the partition to vary with the number of observations. Imposing no…

Statistics Theory · Mathematics 2026-05-06 Martin Bladt , Rasmus Frigaard Lemvig

Point estimators may not exist, need not be unique, and their distributions are not parameter invariant. Generalized estimators provide distributions that are parameter invariant, unique, and exist when point estimates do not. Comparing…

Statistics Theory · Mathematics 2022-11-04 Paul W. Vos

The estimation of continuous parameters from measured data plays a central role in many fields of physics. A key tool in understanding and improving such estimation processes is the concept of Fisher information, which quantifies how…

We consider a new method of the semiparametric statistical estimation for the continuous-time moving average L\'evy processes. We derive the convergence rates of the proposed estimators, and show that these rates are optimal in the minimax…

Methodology · Statistics 2017-02-10 Denis Belomestny , Tatiana Orlova , Vladimir Panov

A relationship between the Fisher information and the characteristic function is established with the help of two inequalities. A necessary and sufficient condition for equality is found. These results are used to determine the asymptotic…

Information Theory · Computer Science 2010-07-12 Cihan Tepedelenlioglu , Mahesh K. Banavar , Andreas Spanias

During the last decade Levy processes with jumps have received increasing popularity for modelling market behaviour for both derviative pricing and risk management purposes. Chan et al. (2009) introduced the use of empirical likelihood…

Methodology · Statistics 2012-01-16 Steven Kou , Tony Sit , Zhiliang Ying

We provide a general method to analyze the asymptotic properties of a variety of estimators of continuous time diffusion processes when the data are not only discretely sampled in time but the time separating successive observations may…

Statistics Theory · Mathematics 2007-06-13 Yacine Ait-Sahalia , Per A. Mykland

For latent class models where the class weights depend on individual covariates, we derive a simple expression for computing the score vector and a convenient hybrid between the observed and the expected information matrices which is always…

Computation · Statistics 2015-11-13 Antonio Forcina

The Levy diffusion processes are a form of non ordinary statistical mechanics resting, however, on the conventional Markov property. As a consequence of this, their dynamic derivation is possible provided that (i) a source of randomness is…

Statistical Mechanics · Physics 2016-08-31 Mauro Bologna , Paolo Grigolini , Juri Riccardi

This paper considers the problem of state tracking with observation control for a particular class of dynamical systems. The system state evolution is described by a discrete-time, finite-state Markov chain, while the measurement process is…

Systems and Control · Computer Science 2014-08-20 Daphney-Stavroula Zois , Urbashi Mitra

We show that an information theoretic distance measured by the relative Fisher information between canonical equilibrium phase densities corresponding to forward and backward processes is intimately related to the gradient of the dissipated…

Statistical Mechanics · Physics 2013-11-12 Takuya Yamano

We investigate the connection between the time-evolution of averages of stochastic quantities and the Fisher information and its induced statistical length. As a consequence of the Cramer-Rao bound, we find that the rate of change of the…

Statistical Mechanics · Physics 2020-07-01 Sosuke Ito , Andreas Dechant

Suppose we have a high-frequency sample from the L\'{e}vy process of the form $X_t^\theta=\beta t+\gamma Z_t+U_t$, where $Z$ is a possibly asymmetric locally $\alpha$-stable L\'{e}vy process, and $U$ is a nuisance L\'{e}vy process less…

Probability · Mathematics 2015-08-17 Dmytro Ivanenko , Alexey M. Kulik , Hiroki Masuda
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