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The local volatility model is a widely used for pricing and hedging financial derivatives. While its main appeal is its capability of reproducing any given surface of observed option prices---it provides a perfect fit---the essential…

计算金融 · 定量金融 2019-01-24 Martin Tegnér , Stephen Roberts

A mean-field-type limit from stochastic moderately interacting many-particle systems with singular Riesz potential is performed, leading to nonlocal porous-medium equations in the whole space. The nonlocality is given by the inverse of a…

偏微分方程分析 · 数学 2021-09-20 Li Chen , Alexandra Holzinger , Ansgar Jüngel , Nicola Zamponi

We present a theory of well-posedness and a priori estimates for bounded distributional (or very weak) solutions of $$\partial_tu-\mathfrak{L}^{\sigma,\mu}[\varphi(u)]=g(x,t)\quad\quad\text{in}\quad\quad \mathbb{R}^N\times(0,T),$$ where…

偏微分方程分析 · 数学 2017-10-16 Félix del Teso , Jørgen Endal , Espen R. Jakobsen

With the discovery of new superconductors there was a running to find the justifications for the new properties found in these materials. In order to describe these new effects some theories were adapted and some others have been tried. In…

超导电性 · 物理学 2012-07-24 José Weberszpil

The final goal of this paper is to prove existence of local (strong) solutions to a (fully nonlinear) porous medium equation with blow-up term and nondecreasing constraint. To this end, the equation, arising in the context of Damage…

偏微分方程分析 · 数学 2018-02-28 Goro Akagi , Stefano Melchionna

Fractional diffusion has become a fundamental tool for the modeling of multiscale and heterogeneous phenomena. However, due to its nonlocal nature, its accurate numerical approximation is delicate. We survey our research program on the…

数值分析 · 数学 2015-08-19 Ricardo H. Nochetto , Enrique Otarola , Abner J. Salgado

We show that when Brownian motion takes place in a heterogeneous medium, the presence of local forces and transport coefficients leads to deviations from a Gaussian probability distribution that make that the ratio between forward and…

软凝聚态物质 · 物理学 2016-12-21 Paolo Malgaretti , Ignacio Pagonabarraga Miguel J. Rubi

The behavior of stock market returns over a period of 1-60 days has been investigated for S&P 500 and Nasdaq within the framework of nonextensive Tsallis statistics. Even for such long terms, the distributions of the returns are…

统计金融 · 定量金融 2017-09-18 Sandhya Devi

We consider nonlinear nonlocal diffusive evolution equations, governed by fractional Laplace-type operators, fractional time derivative and involving porous medium type nonlinearities. Existence and uniqueness of weak solutions are…

偏微分方程分析 · 数学 2018-03-12 Jean-Daniel Djida , Juan J. Nieto , Iván Area

We consider the nonlinear degenerate parabolic equation of porous medium type, whose diffusion is driven by the (spectral) fractional Laplacian on the hyperbolic space. We provide existence results for solutions, in an appropriate weak…

偏微分方程分析 · 数学 2022-01-19 Elvise Berchio , Matteo Bonforte , Debdip Ganguly , Gabriele Grillo

In the present work, we investigate the potential of fractional derivatives to model atmospheric dispersion of pollutants. We propose simple fractional differential equation models for the steady state spatial distribution of concentration…

大气与海洋物理 · 物理学 2017-02-22 A. G. O. Goulart , M. J. Lazo , J. M. S. Suarez , D. M. Moreira

In this work, Bayesian inversion with global-local forwards models is used to identify the parameters based on hydraulic fractures in porous media. It is well-known that using Bayesian inversion to identify material parameters is…

数值分析 · 数学 2023-04-11 Nima Noii , Thomas Wick , Amirreza Khodadadian

Non-local elasticity models in continuum mechanics can be treated with two different approaches: the gradient elasticity models (weak non-locality) and the integral non-local models (strong non-locality). This article focuses on the…

经典物理 · 物理学 2014-04-04 Vasily E. Tarasov

The partial differential equation of Gaussian diffusion is generalized by using the time-fractional derivative of distributed order between 0 and 1, in both the Riemann-Liouville (R-L) and the Caputo (C) sense. For a general distribution of…

统计力学 · 物理学 2008-05-27 Francesco Mainardi , Antonio Mura , Gianni Pagnini , Rudolf Gorenflo

A space fractional diffusion-like equation is introduced, which embodies the nonlocality in time, represented by the memory kernel and the non-locality in space. A specific example of the nonlocal term is considered in combination with…

统计力学 · 物理学 2026-01-06 Pece Trajanovski , Irina Petreska , Katarzyna Gorska , Ljupco Kocarev , Trifce Sandev

In this paper, we propose a rigorous and accurate non-local (in the oversampled region) upscaling framework based on some recently developed multiscale methods [10]. Our proposed method consists of identifying multi-continua parameters via…

数值分析 · 数学 2018-08-01 Eric T. Chung , Yalchin Efendiev , Wing Tat Leung , Yating Wang , Maria Vasilyeva

The relationship between the microstructure of a porous medium and the observed flow distribution is still a puzzle. We resolve it with an analytical model, where the local correlations between adjacent pores, which determine the…

流体动力学 · 物理学 2017-10-16 Karen Alim , Shima Parsa , David A. Weitz , Michael P. Brenner

Local volatility is a versatile option pricing model due to its state dependent diffusion coefficient. Calibration is, however, non-trivial as it involves both proposing a hypothesis model of the latent function and a method for fitting it…

数理金融 · 定量金融 2021-12-08 Martin Tegner , Stephen Roberts

Increasingly larger data sets of processes in space and time ask for statistical models and methods that can cope with such data. We show that the solution of a stochastic advection-diffusion partial differential equation provides a…

统计方法学 · 统计学 2016-02-18 Fabio Sigrist , Hans R. Künsch , Werner A. Stahel

We establish quantitative estimates for solutions $u(t,x)$ to the fractional nonlinear diffusion equation, $\partial_t u +(-\Delta)^s (u^m)=0$ in the whole range of exponents $m>0$, $0<s<1$. The equation is posed in the whole space…

偏微分方程分析 · 数学 2013-10-08 Matteo Bonforte , Juan Luis Vazquez