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Main Authors: Denisov, Denis, Wachtel, Vitali
Format: Preprint
Published: 2026
Subjects:
Online Access:https://arxiv.org/abs/2602.18081
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author Denisov, Denis
Wachtel, Vitali
author_facet Denisov, Denis
Wachtel, Vitali
contents These notes are devoted to fluctuations of one-dimensional random walks. We discuss various approaches to first-passage times and to the corresponding conditional distributions. After discussion of some classical methods, such as reflection principle for simple random walks and Wiener-Hopf factorisation, we proceed to the universality approach, which has been developed in recent past. Considering one-dimensional case allows us to avoid some technical obstacles and to present the core of this method in a more transparent way. It turns out that the universality method is much more robust than the Wiener-Hopf factorisation and allows one to consider walks with non-identically distributed or even dependent increments.
format Preprint
id arxiv_https___arxiv_org_abs_2602_18081
institution arXiv
publishDate 2026
record_format arxiv
spellingShingle Fluctuations of Discrete-Time Random Walks
Denisov, Denis
Wachtel, Vitali
Probability
60G50
These notes are devoted to fluctuations of one-dimensional random walks. We discuss various approaches to first-passage times and to the corresponding conditional distributions. After discussion of some classical methods, such as reflection principle for simple random walks and Wiener-Hopf factorisation, we proceed to the universality approach, which has been developed in recent past. Considering one-dimensional case allows us to avoid some technical obstacles and to present the core of this method in a more transparent way. It turns out that the universality method is much more robust than the Wiener-Hopf factorisation and allows one to consider walks with non-identically distributed or even dependent increments.
title Fluctuations of Discrete-Time Random Walks
topic Probability
60G50
url https://arxiv.org/abs/2602.18081