Extremal behavior of stochastic integrals driven by regularly varying Lévy processes

dc.creatorHult, Henrik
dc.creatorLindskog, Filip
dc.date2007-03-27
dc.date.accessioned2026-07-07T07:54:07Z
dc.date.available2026-07-07T07:54:07Z
dc.descriptionWe study the extremal behavior of a stochastic integral driven by a multivariate Lévy process that is regularly varying with index $α>0$. For predictable integrands with a finite $(α+δ)$-moment, for some $δ>0$, we show that the extremal behavior of the stochastic integral is due to one big jump of the driving Lévy process and we determine its limit measure associated with regular variation on the space of càdlàg functions.
dc.descriptionPublished at http://dx.doi.org/10.1214/009117906000000548 in the Annals of Probability (http://www.imstat.org/aop/) by the Institute of Mathematical Statistics (http://www.imstat.org)
dc.identifierhttps://arxiv.org/abs/math/0703802
dc.identifierhttp://arxiv.org/abs/math/0703802
dc.identifierAnnals of Probability 2007, Vol. 35, No. 1, 309-339
dc.identifierdoi:10.1214/009117906000000548
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/126483
dc.subjectProbability
dc.subject60F17, 60G17 (Primary) 60H05, 60G70 (Secondary)
dc.titleExtremal behavior of stochastic integrals driven by regularly varying Lévy processes
dc.typetext

Files

Collections