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The functional Itō formula under the family of continuous semimartingale measures

Abstract:
Dupire [16] introduced a notion of smoothness for functionals of paths and arrived at a generalization of Itō’s formula that applies to functionals with a continuous dependence on the trajectories of the underlying process. In this paper, we study nonlinear functionals that do not have such continuity. By revisiting old work of Bichteler and Karandikar we show that one can construct pathwise versions of complex functionals like the quadratic variation, stochastic integrals or Itō processes that are still regular enough such that a functional Itō-formula applies.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1142/S0219493716500106

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Institution:
University of Oxford
Division:
MPLS
Department:
Mathematical Institute
Oxford college:
St Hugh's College
Role:
Author


Publisher:
World Scientific Publishing
Journal:
Stochastics and Dynamics More from this journal
Volume:
16
Issue:
04
Pages:
ARTN 1650010
Publication date:
2015-10-06
Acceptance date:
2015-09-28
DOI:
EISSN:
1793-6799
ISSN:
0219-4937


Keywords:
Pubs id:
pubs:548173
UUID:
uuid:3a21c3be-2b5f-4ef3-821e-34e1a67976a1
Local pid:
pubs:548173
Source identifiers:
548173
Deposit date:
2018-03-21

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