Strassen's local law of the iterated logarithm for the generalized fractional Brownian motion

Fuente: arXiv
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Autori principali: Wang, Ran, Xiao, Yimin
Natura: Preprint
Pubblicazione: 2024
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author Wang, Ran
Xiao, Yimin
author_facet Wang, Ran
Xiao, Yimin
contents Let $X:=\{X(t)\}_{t\ge0}$ be a generalized fractional Brownian motion given by $$ \{X(t)\}_{t\ge0}\overset{d}{=}\left\{ \int_{\mathbb R} \left((t-u)_+^α-(-u)_+^α \right) |u|^{-γ/2} B(du) \right\}_{t\ge0}, $$ with parameters $γ\in (0, 1)$ and $α\in \left(-1/2+ γ/2, \, 1/2+γ/2\right)$. This process was introduced by Pang and Taqqu (2019) as the scaling limit of a class of power-law shot noise processes. The parameters $α$ and $γ$ govern the probabilistic and statistical properties of $X$. In particular, the parameter $γ$ breaks the stationarity of increments of $X$. In this paper, we establish Strassen's local law of the iterated logarithm for $X$ at a given point $t_0 \in (0, \infty)$. This result describes explicitly the roles played by the parameters $α, γ$, and the location $t_0$. Our theorem differs from the earlier Strassen's {global law of the iterated logarithm} for $X$ proved by Ichiba, Pang and Taqqu (2022).
format Preprint
id arxiv_https___arxiv_org_abs_2411_15681
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Strassen's local law of the iterated logarithm for the generalized fractional Brownian motion
Wang, Ran
Xiao, Yimin
Probability
60G15, 60G17, 60G18, 60G22
Let $X:=\{X(t)\}_{t\ge0}$ be a generalized fractional Brownian motion given by $$ \{X(t)\}_{t\ge0}\overset{d}{=}\left\{ \int_{\mathbb R} \left((t-u)_+^α-(-u)_+^α \right) |u|^{-γ/2} B(du) \right\}_{t\ge0}, $$ with parameters $γ\in (0, 1)$ and $α\in \left(-1/2+ γ/2, \, 1/2+γ/2\right)$. This process was introduced by Pang and Taqqu (2019) as the scaling limit of a class of power-law shot noise processes. The parameters $α$ and $γ$ govern the probabilistic and statistical properties of $X$. In particular, the parameter $γ$ breaks the stationarity of increments of $X$. In this paper, we establish Strassen's local law of the iterated logarithm for $X$ at a given point $t_0 \in (0, \infty)$. This result describes explicitly the roles played by the parameters $α, γ$, and the location $t_0$. Our theorem differs from the earlier Strassen's {global law of the iterated logarithm} for $X$ proved by Ichiba, Pang and Taqqu (2022).
title Strassen's local law of the iterated logarithm for the generalized fractional Brownian motion
topic Probability
60G15, 60G17, 60G18, 60G22
url https://arxiv.org/abs/2411.15681