Renewal in Hawkes processes with self-excitation and inhibition

Fuente: arXiv
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Autori principali: Costa, Manon, Graham, Carl, Marsalle, Laurence, Tran, Viet Chi
Natura: Preprint
Pubblicazione: 2018
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author Costa, Manon
Graham, Carl
Marsalle, Laurence
Tran, Viet Chi
author_facet Costa, Manon
Graham, Carl
Marsalle, Laurence
Tran, Viet Chi
contents This paper investigates Hawkes processes on the positive real line exhibiting both self-excitation and inhibition. Each point of this point process impacts its future intensity by the addition of a signed reproduction function. The case of a nonnegative reproduction function corresponds to self-excitation, and has been widely investigated in the literature. In particular, there exists a cluster representation of the Hawkes process which allows to apply results known for Galton-Watson trees. In the present paper, we establish limit theorems for Hawkes process with signed reproduction functions by using renewal techniques. We notably prove exponential concentration inequalities, and thus extend results of Reynaud-Bouret and Roy (2007) which were proved for nonnegative reproduction functions using this cluster representation which is no longer valid in our case. An important step for this is to establish the existence of exponential moments for renewal times of M/G/infinity queues that appear naturally in our problem. These results have their own interest, independently of the original problem for the Hawkes processes.
format Preprint
id arxiv_https___arxiv_org_abs_1801_04645
institution arXiv
publishDate 2018
record_format arxiv
spellingShingle Renewal in Hawkes processes with self-excitation and inhibition
Costa, Manon
Graham, Carl
Marsalle, Laurence
Tran, Viet Chi
Probability
60G55, 60F99, 60K05, 60K25, 44A10
This paper investigates Hawkes processes on the positive real line exhibiting both self-excitation and inhibition. Each point of this point process impacts its future intensity by the addition of a signed reproduction function. The case of a nonnegative reproduction function corresponds to self-excitation, and has been widely investigated in the literature. In particular, there exists a cluster representation of the Hawkes process which allows to apply results known for Galton-Watson trees. In the present paper, we establish limit theorems for Hawkes process with signed reproduction functions by using renewal techniques. We notably prove exponential concentration inequalities, and thus extend results of Reynaud-Bouret and Roy (2007) which were proved for nonnegative reproduction functions using this cluster representation which is no longer valid in our case. An important step for this is to establish the existence of exponential moments for renewal times of M/G/infinity queues that appear naturally in our problem. These results have their own interest, independently of the original problem for the Hawkes processes.
title Renewal in Hawkes processes with self-excitation and inhibition
topic Probability
60G55, 60F99, 60K05, 60K25, 44A10
url https://arxiv.org/abs/1801.04645