Discrete sampling of functionals of Ito processes

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Abstract

For a multidimensional Itô process (Xt)t ≥ 0 driven by a Brownian motion, we are interested in approximating the law of ω ((Xs)s ∈ [0, T]), T > 0 deterministic, for a given functional φ using a discrete sample of the process X. For various functionals (related to the maximum, to the integral of the process, or to the killed/stopped path) we extend to the non-Markovian framework of Itô processes, the results available in the diffusion case. We thus prove that the order of convergence is more specifically linked to the Brownian driver and not to the Markov property of SDEs.

Original languageEnglish
Title of host publicationSeminaire de Probabilites XL
PublisherSpringer Verlag
Pages355-374
Number of pages20
ISBN (Print)3540711880, 9783540711889
DOIs
Publication statusPublished - 1 Jan 2007

Publication series

NameLecture Notes in Mathematics
Volume1899
ISSN (Print)0075-8434

Keywords

  • Discrete time approximation
  • Martingale techniques
  • Non Markovian process

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