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We present an elementary treatment of the Optional Decomposition Theorem for continuous semimartingales and general filtrations. This treatment does not assume the existence of equivalent local martingale measure(s), only that of strictly…

概率论 · 数学 2015-02-05 Ioannis Karatzas , Constantinos Kardaras

In this paper, we consider the special class of positive local submartingales (X_{t}) of the form: X_{t}=N_{t}+A_{t}, where the measure (dA_{t}) is carried by the set {t: X_{t}=0}. We show that many examples of stochastic processes studied…

概率论 · 数学 2007-08-06 Ashkan Nikeghbali

In a recent work \cite{BG}, given a collection of continuous semimartingales, authors derive a semimartingale decomposition from the corresponding ranked processes in the case that the ranked processes can meet more than two original…

概率论 · 数学 2008-12-02 Raouf Ghomrasni , Olivier Menoukeu Pamen

This paper offers a systematic investigation on the existence of equivalent local martingale deflators, which are multiplicative special semimartingales, in financial markets given by positive semimartingales. In particular, it shows that…

数理金融 · 定量金融 2020-06-03 Eckhard Platen , Stefan Tappe

A supermartingale deflator (resp., local martingale deflator) multiplicatively transforms nonnegative wealth processes into supermartingales (resp., local martingales). The supermartingale numeraire (resp., local martingale numeraire) is…

概率论 · 数学 2015-10-06 Yuri Kabanov , Constantinos Kardaras , Shiqi Song

Every submartingale S of class D has a unique Doob-Meyer decomposition S=M+A, where M is a martingale and A is a predictable increasing process starting at 0. We provide a short and elementary prove of the Doob-Meyer decomposition theorem.…

概率论 · 数学 2010-12-24 Mathias Beiglboeck , Walter Schachermayer , Bezirgen Veliyev

In the paper, we introduce the notion of a local regular supermartingale relative to a convex set of equivalent measures and prove for it an optional Doob decomposition in the discrete case. This Theorem is a generalization of the famous…

概率论 · 数学 2016-01-15 Nicholas Gonchar

In this article, we propose a concise theoretical framework based on mixed field-susceptibilities to describe the decay of magnetic dipoles induced by non--magnetic nanostructures. This approach is first illustrated in simple cases in which…

The problem of finding the unique low dimensional decomposition of a given matrix has been a fundamental and recurrent problem in many areas. In this paper, we study the problem of seeking a unique decomposition of a low rank matrix $Y\in…

最优化与控制 · 数学 2023-10-17 Dian Jin , Xin Bing , Yuqian Zhang

The reason of the non-locality of constitutive (material) parameters extracted in a usual way from the reflection-transmission coefficients of composite slab at moderately low frequencies is explained. The physical meaning of these…

材料科学 · 物理学 2007-05-23 Constantin R. Simovski

In this paper, using martingale techniques, we prove a generalization of Doob's maximal identity in the setting of continuous nonnegative local submartingales $(X_{t})$ of the form: $X_{t}=N_{t}+A_{t}$, where the measure $(dA_{t})$ is…

概率论 · 数学 2008-02-12 Ashkan Nikeghbali

The integral representation theorem for martingales has been widely used in probability theory. In this work, we propose and prove a general representation theorem for a class of set-valued submartingales. We also extend the stochastic…

概率论 · 数学 2024-01-08 Luc Tri Tuyen , Vu Thai Luan

Certain countably and finitely additive measures can be associated to a given nonnegative supermartingale. Under weak assumptions on the underlying probability space, existence and (non)uniqueness results for such measures are proven.

概率论 · 数学 2015-12-23 Nicolas Perkowski , Johannes Ruf

We say that a set $S$ is additively decomposed into two sets $A$ and $B$, if $S = \{a+b : a\in A, \ b \in B\}$. Here we study additively decompositions of multiplicative subgroups of finite fields. In particular, we give some improvements…

数论 · 数学 2013-01-15 Igor Shparlinski

This paper presents a generalization of the Kunita-Watanabe decomposition of a $L^2$ space with nonlinear stochastic integrals where the integrator is a family of continuous martingales bounded in $L^2$. To get the result, a useful relation…

概率论 · 数学 2019-10-03 Clarence Simard

We construct fast, structure-preserving iterations for computing the sign decomposition of a unitary matrix $A$ with no eigenvalues equal to $\pm i$. This decomposition factorizes $A$ as the product of an involutory matrix $S =…

数值分析 · 数学 2020-11-26 Evan S. Gawlik

In the paper, we introduce the notion of a local regular supermartingale relative to a convex set of equivalent measures and prove for it the necessary and sufficient conditions of optional Doob decomposition in the discrete case. This…

数理金融 · 定量金融 2016-12-04 N. S. Gonchar

We provide a characterization of the family of non-negative local martingales that have continuous running supremum and vanish at infinity. This is done by describing the class of random times that identify the times of maximum of such…

概率论 · 数学 2016-10-03 Beatrice Acciaio , Irina Penner

We characterize weakly harmonic maps with respect to non-local Dirichlet forms by Markov processes and martingales. In particular, we can obtain discontinuous martingales on Riemannian manifolds from the image of symmetric stable processes…

概率论 · 数学 2024-03-19 Fumiya Okazaki

Let M be a matrix whose entries are power series in several variables and determinant det(M) does not vanish identically. The equation det(M)=0 defines a hypersurface singularity and the (co)-kernel of M is a maximally Cohen-Macaulay module…

代数几何 · 数学 2011-12-22 Dmitry Kerner , Victor Vinnikov
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