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This paper develops a generalization of Brownian motion with stationary, autocorrelated increments as a tractable model for problems in business and finance. We show that any real continuous Gaussian Markov process with stationary…

Probability · Mathematics 2012-12-03 Kerry Fendick

For a class of piecewise deterministic Markov processes we introduce a stochastic calculus which is a certain non-Gaussian counterpart to the classical Malliavin calculus. As an application we investigate the regularity of densities of…

Probability · Mathematics 2023-06-21 Jörg-Uwe Löbus

We present a functional formalism to derive a generating functional for correlation functions of a multiplicative stochastic process represented by a Langevin equation. We deduce a path integral over a set of fermionic and bosonic variables…

Statistical Mechanics · Physics 2010-05-13 Zochil González Arenas , Daniel G. Barci

A stochastic calculus is given for processes described by stochastic integrals with respect to fractional Brownian motions and Rosenblatt processes somewhat analogous to the stochastic calculus for It\^{o} processes. These processes for…

Probability · Mathematics 2019-08-02 Petr Čoupek , Tyrone E. Duncan , Bozenna Pasik-Duncan

We present the foundations of the theory of functions of bounded variation and sets of finite perimeter in abstract Wiener spaces.

Analysis of PDEs · Mathematics 2012-12-27 M. Miranda , M. Novaga , D. Pallara

We propose a stochastic extension of deformation quantization on a Hilbert space. The Moyal product is defined in this context on the space of functionals belonging to all of the Sobolev spaces of the Malliavin calculus.

Quantum Algebra · Mathematics 2007-05-23 Giuseppe Dito , Remi Leandre

Uncertainties are abundant in complex systems. Mathematical models for these systems thus contain random effects or noises. The models are often in the form of stochastic differential equations, with some parameters to be determined by…

Numerical Analysis · Mathematics 2015-03-13 Jiarui Yang , Jinqiao Duan

We investigate the stochastic processes obtained as the fractional Riemann-Liouville integral of order $\alpha \in (0,1)$ of Gauss-Markov processes. The general expressions of the mean, variance and covariance functions are given. Due to…

Probability · Mathematics 2019-05-21 Mario Abundo , Enrica Pirozzi

We study several important fine properties for the family of fractional Brownian motions with Hurst parameter $H$ under the $(p,r)$-capacity on classical Wiener space introduced by Malliavin. We regard fractional Brownian motions as Wiener…

Probability · Mathematics 2025-06-11 Jiawei Li , Zhongmin Qian

We consider randomized computation of continuous data in the sense of Computable Analysis. Our first contribution formally confirms that it is no loss of generality to take as sample space the Cantor space of infinite FAIR coin flips. This…

Numerical Analysis · Mathematics 2019-06-18 Willem Fouché , Hyunwoo Lee , Donghyun Lim , Sewon Park , Matthias Schröder , Martin Ziegler

Strong invariance principles describe the error term of a Brownian approximation of the partial sums of a stochastic process. While these strong approximation results have many applications, the results for continuous-time settings have…

Statistics Theory · Mathematics 2022-06-17 Ardjen Pengel , Joris Bierkens

For any real-valued stochastic process $X$ with c\'rdl\'rg paths we define non-empty family of processes which have locally finite total variation, have jumps of the same order as the process $X$ and uniformly approximate its paths on…

Probability · Mathematics 2017-06-26 Rafał M. Łochowski

In the setting proposed by Hughston & Rafailidis (2005) we consider general interest rate models in the case of a Brownian market information filtration $(\mathcal{F}_t)_{t\geq0}$. Let $X$ be a square-integrable…

General Finance · Quantitative Finance 2011-07-19 Lane P. Hughston , Francesco Mina

We consider a stochastic volatility model with jumps where the underlying asset price is driven by the process sum of a 2-dimensional Brownian motion and a 2-dimensional compensated Poisson process. The market is incomplete, resulting in…

Probability · Mathematics 2011-10-31 Youssef El-Khatib

We consider an infinite-dimensional dynamical system with polynomial nonlinearity and additive noise given by a finite number of Wiener processes. By studying how randomness is spread by the system we develop a counterpart of Hormander's…

Probability · Mathematics 2007-05-23 Yuri Bakhtin , Jonathan C. Mattingly

We consider empirical measures in a triangular array setup with underlying distributions varying as sample size grows. We study asymptotic properties of multiple integrals with respect to normalized empirical measures. Limit theorems…

Probability · Mathematics 2024-08-05 Shuyang Bai , Jiemiao Chen

By using stochastic calculus for two-parameter processes and chaos expansion into multiple Wiener-It\^o integrals, we define a 2D-stochastic current over the Brownian sheet. This concept comes from geometric measure theory. We also study…

Probability · Mathematics 2012-09-24 Franco Flandoli , Peter Imkeller , Ciprian Tudor

We study the existence of a unique solution to semilinear fractional backward doubly stochastic differential equation driven by a Brownian motion and a fractional Brownian motion with Hurst parameter less than 1/2. Here the stochastic…

Probability · Mathematics 2010-05-13 Shuai Jing , Jorge León

This paper presents a novel generic asymptotic expansion formula of expectations of multidimensional Wiener functionals through a Malliavin calculus technique. The uniform estimate of the asymptotic expansion is shown under a weaker…

Probability · Mathematics 2024-12-24 Akihiko Takahashi , Toshihiro Yamada

We develop a statistical framework for conducting inference on collections of time-varying covariance operators (covariance flows) over a general, possibly infinite dimensional, Hilbert space. We model the intrinsically non-linear structure…

Methodology · Statistics 2024-06-25 Leonardo V. Santoro , Victor M. Panaretos