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Penalising Brownian Paths

Penalising Brownian Paths

Brand
Springer Nature
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N/A
Part Number
0
GTIN
9783540896999
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New
Product Description

Penalising a process is to modify its distribution with a limiting procedure, thus defining a new process whose properties differ somewhat from those of the original one. We are presenting a number of examples of such penalisations in the Brownian and Bessel processes framework. The Martingale theory plays a crucial role. A general principle for penalisation emerges from these examples. In particular, it is shown in the Brownian framework that a positive sigma-finite measure takes a large class of penalisations into account.

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