Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5130113 | Stochastic Processes and their Applications | 2017 | 23 Pages |
Abstract
We consider a random walk SÏ which is obtained from the simple random walk S by a discrete time version of Bochner's subordination. We prove that under certain conditions on the subordinator Ï appropriately scaled random walk SÏ converges in the Skorohod space to the symmetric α-stable process Bα. We also prove asymptotic formula for the transition function of SÏ similar to the Pólya's asymptotic formula for Bα.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematics (General)
Authors
Alexander Bendikov, Wojciech Cygan, Bartosz Trojan,