Article ID Journal Published Year Pages File Type
5130113 Stochastic Processes and their Applications 2017 23 Pages PDF
Abstract

We consider a random walk Sτ 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 τ appropriately scaled random walk Sτ converges in the Skorohod space to the symmetric α-stable process Bα. We also prove asymptotic formula for the transition function of Sτ similar to the Pólya's asymptotic formula for Bα.

Related Topics
Physical Sciences and Engineering Mathematics Mathematics (General)
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