Pathwise Construction of Stochastic Integrals


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Date

2011-08-15

Publication Type

Working Paper

ETH Bibliography

yes

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Abstract

We propose a method to construct the stochastic integral simultaneously under a non-dominated family of probability measures. Path-by-path, and without referring to a probability measure, we construct a sequence of Lebesgue-Stieltjes integrals whose medial limit coincides with the usual stochastic integral under essentially any probability measure such that the integrator is a semimartingale. This method applies to any predictable integrand.

Publication status

published

Editor

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Journal / series

Volume

Pages / Article No.

1108.2981

Publisher

Cornell University

Event

Edition / version

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Date collected

Date created

Subject

Pathwise stochastic integral; Aggregation; Non-dominated model; Second order BSDE; G-expectation; Medial limit

Organisational unit

03844 - Soner, Mete (emeritus) / Soner, Mete (emeritus) check_circle
03658 - Schweizer, Martin / Schweizer, Martin check_circle

Notes

Funding

Related publications and datasets

Is previous version of: 10.1214/ECP.v17-2099