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We consider a simplified version of the problem of insider trading in a financial market. We approach it by means of anticipating stochastic calculus and compare the use of the Skorokhod and the Russo-Vallois forward integrals within this…

Probability · Mathematics 2018-04-20 Carlos Escudero

Following the ideas of F. Russo and P. Vallois we use the notion of forward integral to introduce a new stochastic integral respect to the cylindrical Winer process. This integral is an extension of the classical integral. As an…

Functional Analysis · Mathematics 2012-03-02 Christian Olivera

In this paper we present an approach to proving parabolic Aleksandrov estimates with mixed norms for stochastic integrals with singular ``moderated'' drift.

Probability · Mathematics 2023-03-14 N. V. Krylov

We prove a robust super-hedging duality result for path-dependent options on assets with jumps, in a continuous time setting. It requires that the collection of martingale measures is rich enough and that the payoff function satisfies some…

Optimization and Control · Mathematics 2020-04-24 Bruno Bouchard , Xiaolu Tan

We present a new construction of a Skorohod embedding, namely, given a probability measure mu with zero expectation and finite variance, we construct an integrable stopping time T adapted to a filtration F_t, such that W_t has the law mu,…

Probability · Mathematics 2015-05-06 Ronen Eldan

Introduced is the notion of minimality for spectral representations of sum- and max-infinitely divisible processes and it is shown that the minimal spectral representation on a Borel space exists and is unique. This fact is used to show…

Probability · Mathematics 2016-01-18 Zakhar Kabluchko , Stilian Stoev

Strictly stationary INAR(1) ("integer-valued autoregressive processes of order 1") with Poisson innovations are "interlaced rho-mixing".

Probability · Mathematics 2015-10-01 Richard C. Bradley

We propose and study a novel stochastic inertial primal-dual approach to solve composite optimization problems. These latter problems arise naturally when learning with penalized regularization schemes. Our analysis provide convergence…

Optimization and Control · Mathematics 2015-07-06 Lorenzo Rosasco , Silvia Villa , Bang Cong Vu

We prove maximal inequalities for $L_q$-valued martingales obtained by stochastic integration with respect to compensated random measures. A version of these estimates for integrals with respect to compensated Poisson random measures were…

Probability · Mathematics 2013-11-28 Carlo Marinelli

Recently, a new approach in the fine analysis of stochastic processes sample paths has been developed to predict the evolution of the local regularity under (pseudo-)differential operators. In this paper, we study the sample paths of…

Probability · Mathematics 2013-08-29 Paul Balança , Erick Herbin

In this paper we introduce a new type of norms for semimartingales, under both linear and nonlinear expectations. Our norm is defined in the spirit of quasimartingales, and it characterizes square integrable semimartingales. This work is…

Probability · Mathematics 2012-11-01 Triet Pham , Jianfeng Zhang

We derive inequalities for time-discrete and time-continuous martingales that are similar to the well-known Burkholder inequalities. For the time-discrete case arbitrary martingales in $L^p(\Omega)$ are treated, whereas in the…

Probability · Mathematics 2021-01-25 Jan Pleis , Andreas Rößler

We exhibit conditions under which the flow of marginal distributions of a discontinuous semimartingale $\xi$ can be matched by a Markov process, whose infinitesimal generator is expressed in terms of the local characteristics of $\xi$. Our…

Probability · Mathematics 2012-05-17 Amel Bentata , Rama Cont

In this paper we consider (probability-)measure valued processes, which we call MVMs, which have a natural martingale structure. Following previous work of Eldan and Cox-K\"allblad, these processes are known to have a close connection to…

Probability · Mathematics 2017-08-24 Mathias Beiglböck , Alexander M. G. Cox , Martin Huesmann , Sigrid Källblad

We develop a stochastic calculus that makes it easy to capture a variety of predictable transformations of semimartingales such as changes of variables, stochastic integrals, and their compositions. The framework offers a unified treatment…

Probability · Mathematics 2022-01-13 Aleš Černý , Johannes Ruf

We refine stochastic calculus for symmetric Markov processes without using time reverse operators. Under some conditions on the jump functions of locally square integrable martingale additive functionals, we extend Nakao's divergence-like…

Probability · Mathematics 2012-11-09 Kazuhiro Kuwae

In this paper we show the existence of a universal Skorohod measurable functional representation for a large class of semimartingale-driven stochastic differential equations. For this we prove that paths of the strong solutions of…

Probability · Mathematics 2025-03-26 Paweł Przybyłowicz , Verena Schwarz , Alexander Steinicke , Michaela Szölgyenyi

In this paper we introduce the concept of conic martingales}. This class refers to stochastic processes having the martingale property, but that evolve within given (possibly time-dependent) boundaries. We first review some results about…

Probability · Mathematics 2016-03-25 Frédéric Vrins , Monique Jeanblanc

We construct planar semimartingales that include the Walsh Brownian motion as a special case, and derive Harrison-Shepp-type equations and a change-of-variable formula in the spirit of Freidlin-Sheu for these so-called "Walsh…

Probability · Mathematics 2016-03-01 Tomoyuki Ichiba , Ioannis Karatzas , Vilmos Prokaj , Minghan Yan

Fractional Poisson processes, a rapidly growing area of non-Markovian stochastic processes, are useful in statistics to describe data from counting processes when waiting times are not exponentially distributed. We show that the fractional…

Classical Analysis and ODEs · Mathematics 2013-10-14 Markus Kreer , Ayse Kizilersu , Anthony W. Thomas
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