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A generalized It${\hat {\rm o}}$ formula for time dependent functions of two-dimensional continuous semi-martingales is proved. The formula uses the local time of each coordinate process of the semi-martingale, left space and time first…

Probability · Mathematics 2008-11-13 Chunrong Feng , Huaizhong Zhao

Let $X=(X_t)_{t\geq 0}$ be a one-dimensional L\'evy process such that each $X_t$ has a $C^1_b$-density w.r.t. Lebesgue measure and certain polynomial or exponential moments. We characterize all polynomially bounded functions…

Probability · Mathematics 2021-10-19 Franziska Kühn , René L. Schilling

We establish a functional limit theorem for the joint-law of occupations near and away from indifferent fixed points of interval maps, and of waits for the occupations away from these points, in the sense of strong distributional…

Probability · Mathematics 2019-05-07 Toru Sera

In this paper, we aim at characterizing generalized functionals of discrete-time normal martingales. Let $M=(M_n)_{n\in \mathbb{N}}$ be a discrete-time normal martingale that has the chaotic representation property. We first construct…

Probability · Mathematics 2015-04-21 Caishi Wang , Jinshu Chen

We propose nonparametric estimators of the occupation measure and the occupation density of the diffusion coefficient (stochastic volatility) of a discretely observed It\^{o} semimartingale on a fixed interval when the mesh of the…

Statistics Theory · Mathematics 2014-01-30 Jia Li , Viktor Todorov , George Tauchen

We prove functional limits theorems for the occupation time process of a system of particles moving independently in $R^d$ according to a symmetric $\alpha$-stable L\'evy process, and starting off from an inhomogeneous Poisson point measure…

Probability · Mathematics 2012-03-14 Tomasz Bojdecki , Luis G. Gorostiza , Anna Talarczyk

Let $ \left(X_{t} \right)_{t\geq 0} $ be a continuous semimartingale. Let $ L^{z}_{t}\left(X\right) $ its family of local times. In \cite{YOR} Yor showed that the family $ \left( L^{z}_{t}\left(X\right) \right)_{ z \in \mathbb{R}, t \geq 0}…

Probability · Mathematics 2021-04-29 Anass Ben Taleb

The estimation of local characteristics of Ito semimartingales has received a great deal of attention in both academia and industry over the past decades. In various papers limit theorems were derived for functionals of increments and…

Statistics Theory · Mathematics 2014-03-04 Moritz Duembgen , Mark Podolskij

We derive a functional change of variable formula for {\it non-anticipative} functionals defined on the space of right continuous paths with left limits. The functional is only required to possess certain directional derivatives, which may…

Probability · Mathematics 2010-04-09 Rama Cont , David-Antoine Fournie

We consider decompositions of processes of the form $Y=f(t,X_t)$ where $X$ is a semimartingale. The function $f$ is not required to be differentiable, so It\^{o}'s lemma does not apply. In the case where $f(t,x)$ is independent of $t$, it…

Probability · Mathematics 2010-01-26 George Lowther

In this paper, we discuss the laws of the iterated logarithm (LIL) for occupation times of Markov processes $Y$ in general metric measure space both near zero and near infinity under some minimal assumptions. We first establish LILs of…

Probability · Mathematics 2022-11-15 Soobin Cho , Panki Kim , Jaehun Lee

The Fock transform recently introduced by the authors in a previous paper is applied to investigate convergence of generalized functional sequences of a discrete-time normal martingale $M$. A necessary and sufficient condition in terms of…

Probability · Mathematics 2015-10-16 Caishi Wang , Jinshu Chen

This paper presents the nonparametric inference for nonlinear volatility functionals of general multivariate It\^o semimartingales, in high-frequency and noisy setting. Pre-averaging and truncation enable simultaneous handling of noise and…

Statistics Theory · Mathematics 2019-11-11 Richard Y. Chen

We extend the Matom\"{a}ki-Radziwi\l\l{} theorem to a large collection of unbounded multiplicative functions that are uniformly bounded, but not necessarily bounded by 1, on the primes. Our result allows us to estimate averages of such a…

Number Theory · Mathematics 2021-11-15 Alexander P. Mangerel

We consider a sequence $X^n=(X^n_t)_{t\ge 0},n\ge 1$ of semimartingales. Each $X^n$ is a weak solution to an It\^o equation with respect to a Wiener process and a Poissonian martingale measure and is in general non-Markovian process. For…

Probability · Mathematics 2007-05-23 Robert Sh. Liptser , Anatolii A. Pukhalskii

The fractional Brownian motion of index $0 < H < 1$, H-FBM, with d-dimensional time is considered on an expanding set TG, where G is a bounded convex domain that contains 0 at its boundary. The main result: if 0 is a point of smoothness of…

Probability · Mathematics 2018-03-06 G. Molchan

In this work, we establish pathwise functional It\^o formulas for non-smooth functionals of real-valued continuous semimartingales. Under finite $(p,q)$-variation regularity assumptions in the sense of two-dimensional Young integration…

Probability · Mathematics 2015-05-19 Alberto Ohashi , Evelina Shamarova , Nikolai N. Shamarov

We prove joint Holder continuity and an occupation-time formula for the self-intersection local time of fractional Brownian motion. Motivated by an occupation-time formula, we also introduce a new version of the derivative of…

Probability · Mathematics 2012-08-23 Paul Jung , Greg Markowsky

The paper is devoted to the existence of integral functionals $\int_0^\infty f(X(t))\,{\mathrm{d}t}$ for several classes of processes in $\mathbb{R}$ with $d\ge 3$. Some examples such as Brownian motion, fractional Brownian motion, compound…

Probability · Mathematics 2021-04-02 Yuri Kondratiev , Yuliya Mishura , José L. da Silva

The work [8] established memory loss in the time-dependent (non-random) case of uniformly expanding maps of the interval. Here we find conditions under which we have convergence to the normal distribution of the appropriately scaled…

Dynamical Systems · Mathematics 2016-03-25 Peter Nandori , Domokos Szasz , Tamas Varju