Search results for " DYNAMICAL SYSTEM"

showing 10 items of 188 documents

European Option Pricing with Transaction Costs and Stochastic Volatility: an Asymptotic Analysis

2015

In this paper the valuation problem of a European call option in presence of both stochastic volatility and transaction costs is considered. In the limit of small transaction costs and fast mean reversion, an asymptotic expression for the option price is obtained. While the dominant term in the expansion it is shown to be the classical Black and Scholes solution, the correction terms appear at $O(\varepsilon^{1/2})$ and $O(\varepsilon)$. The optimal hedging strategy is then explicitly obtained for the Scott's model.

Transaction costAsymptotic analysisStochastic volatilityAsymptotic AnalysisApplied MathematicsStochastic VolatilityBlack–Scholes modelDynamical Systems (math.DS)Implied volatilityTransaction CostsFOS: Economics and businessOption Pricing; Stochastic Volatility; Transaction Costs; Asymptotic AnalysisValuation of optionstransaction costEconometricsMean reversionFOS: MathematicsCall optionPricing of Securities (q-fin.PR)Mathematics - Dynamical SystemsOption PricingSettore MAT/07 - Fisica MatematicaQuantitative Finance - Pricing of SecuritiesMathematics
researchProduct

Robust existence of nonhyperbolic ergodic measures with positive entropy and full support

2021

We prove that for some manifolds $M$ the set of robustly transitive partially hyperbolic diffeomorphisms of $M$ with one-dimensional nonhyperbolic centre direction contains a $C^1$-open and dense subset of diffeomorphisms with nonhyperbolic measures which are ergodic, fully supported and have positive entropy. To do so, we formulate abstract conditions sufficient for the construction of an ergodic, fully supported measure $\mu$ which has positive entropy and is such that for a continuous function $\phi\colon X\to\mathbb{R}$ the integral $\int\phi\,d\mu$ vanishes. The criterion is an extended version of the control at any scale with a long and sparse tail technique coming from the previous w…

Transitive relationPure mathematicsHyperbolicityMathematics::Dynamical SystemsDense setContinuous function (set theory)[MATH.MATH-DS]Mathematics [math]/Dynamical Systems [math.DS][MATH.MATH-DS] Mathematics [math]/Dynamical Systems [math.DS]Scale (descriptive set theory)Dynamical Systems (math.DS)Measure (mathematics)Theoretical Computer SciencePositive entropyMathematics (miscellaneous)FOS: MathematicsErgodic theory37D25 37D35 37D30 28D99Mathematics - Dynamical SystemsMathematicsCriterion
researchProduct

Spectral rigidity and invariant distributions on Anosov surfaces

2014

This article considers inverse problems on closed Riemannian surfaces whose geodesic flow is Anosov. We prove spectral rigidity for any Anosov surface and injectivity of the geodesic ray transform on solenoidal 2-tensors. We also establish surjectivity results for the adjoint of the geodesic ray transform on solenoidal tensors. The surjectivity results are of independent interest and imply the existence of many geometric invariant distributions on the unit sphere bundle. In particular, we show that on any Anosov surface $(M,g)$, given a smooth function $f$ on $M$ there is a distribution in the Sobolev space $H^{-1}(SM)$ that is invariant under the geodesic flow and whose projection to $M$ i…

Unit sphereMathematics - Differential GeometryPure mathematicsAlgebra and Number TheorySolenoidal vector fieldGeodesicisospectral manifoldsDynamical Systems (math.DS)Inverse problemSobolev spaceRigidity (electromagnetism)Mathematics - Analysis of PDEsmath.DGDifferential Geometry (math.DG)conjugate-pointsBundleGeodesic flowFOS: MathematicsGeometry and TopologyMathematics - Dynamical SystemsAnalysismath.APmath.DSMathematicsAnalysis of PDEs (math.AP)
researchProduct

A posteriori error estimates for Webster's equation in wave propagation

2015

We consider a generalised Webster’s equation for describing wave propagation in curved tubular structures such as variable diameter acoustic wave guides. Webster’s equation in generalised form has been rigorously derived in a previous article starting from the wave equation, and it approximates cross-sectional averages of the propagating wave. Here, the approximation error is estimated by an a posteriori technique. peerReviewed

Wave propagationWave propagationApplied MathematicsMathematical analysista111Tubular domainDynamical Systems (math.DS)Acoustic waveWave equationPrimary 37L05. Secondary 35L05 35L20 47N70 93C20A posteriori error analysisMathematics - Analysis of PDEsApproximation errorFOS: MathematicsCalculusA priori and a posterioriWebster's modelMathematics - Dynamical SystemsAnalysisAnalysis of PDEs (math.AP)MathematicsVariable (mathematics)
researchProduct

Building Anosov flows on $3$–manifolds

2014

We prove a result allowing to build (transitive or non-transitive) Anosov flows on 3-manifolds by gluing together filtrating neighborhoods of hyperbolic sets. We give several applications; for example: 1. we build a 3-manifold supporting both of a transitive Anosov vector field and a non-transitive Anosov vector field; 2. for any n, we build a 3-manifold M supporting at least n pairwise different Anosov vector fields; 3. we build transitive attractors with prescribed entrance foliation; in particular, we construct some incoherent transitive attractors; 4. we build a transitive Anosov vector field admitting infinitely many pairwise non-isotopic trans- verse tori.

[ MATH ] Mathematics [math]Pure mathematicsAnosov flowMathematics::Dynamical Systems3–manifolds[ MATH.MATH-DS ] Mathematics [math]/Dynamical Systems [math.DS][MATH.MATH-DS]Mathematics [math]/Dynamical Systems [math.DS]Dynamical Systems (math.DS)$3$–manifolds01 natural sciencesFoliationsSet (abstract data type)MSC: Primary: 37D20 Secondary: 57M9957M99Diffeomorphisms0103 physical sciencesAttractorFOS: Mathematics0101 mathematics[MATH]Mathematics [math]Mathematics - Dynamical SystemsManifoldsMathematics::Symplectic Geometry3-manifold37D20 57MMathematicsTransitive relation37D20010308 nuclear & particles physics010102 general mathematicsTorusMathematics::Geometric TopologyFlow (mathematics)Anosov flowsFoliation (geology)Vector fieldhyperbolic plugsGeometry and Topologyhyperbolic basic set3-manifold
researchProduct

Bifurcations in the elementary Desboves family

2017

International audience; We give an example of a family of endomorphisms of $\mathbb{P}^2(\mathbb{C})$ whose Julia set depends continuously on the parameter and whose bifurcation locus has non-empty interior.

[ MATH ] Mathematics [math]Pure mathematicsEndomorphismMathematics - Complex VariablesApplied MathematicsGeneral Mathematics010102 general mathematicsDynamical Systems (math.DS)MSC: 32H50 37F4516. Peace & justice01 natural sciencesJulia setDynamicsRational mapsBifurcation locus0103 physical sciencesFOS: Mathematics32H50 37F45 37F50010307 mathematical physics0101 mathematics[MATH]Mathematics [math]Complex Variables (math.CV)Mathematics - Dynamical SystemsMathematics
researchProduct

Rotation Forms and Local Hamiltonian Monodromy

2017

International audience; The monodromy of torus bundles associated with completely integrable systems can be computed using geometric techniques (constructing homology cycles) or analytic arguments (computing discontinuities of abelian integrals). In this article, we give a general approach to the computation of monodromy that resembles the analytical one, reducing the problem to the computation of residues of polar 1-forms. We apply our technique to three celebrated examples of systems with monodromy (the champagne bottle, the spherical pendulum, the hydrogen atom) and to the case of non-degenerate focus-focus singularities, re-obtaining the classical results. An advantage of this approach …

[ MATH ] Mathematics [math]Pure mathematicsIntegrable systemFOCUS-FOCUS SINGULARITIESmath-phFOS: Physical sciencesDynamical Systems (math.DS)Homology (mathematics)01 natural sciencesSingularityMathematics::Algebraic Geometrymath.MPSYSTEMS0103 physical sciencesFOS: Mathematics0101 mathematicsAbelian groupMathematics - Dynamical Systems[MATH]Mathematics [math]010306 general physicsMathematics::Symplectic GeometryMathematical PhysicsMathematicsNEIGHBORHOODS[PHYS]Physics [physics][ PHYS ] Physics [physics]010102 general mathematicsSpherical pendulumStatistical and Nonlinear PhysicsTorusMathematical Physics (math-ph)37JxxMonodromyStatistical and Nonlinear Physics; Mathematical PhysicsGravitational singularityPOINTSmath.DS
researchProduct

Unfolding of saddle-nodes and their Dulac time

2016

Altres ajuts: UNAB10-4E-378, co-funded by ERDF "A way to build Europe" and by the French ANR-11-BS01-0009 STAAVF. In this paper we study unfoldings of saddle-nodes and their Dulac time. By unfolding a saddle-node, saddles and nodes appear. In the first result (Theorem A) we give a uniform asymptotic expansion of the trajectories arriving at the node. Uniformity is with respect to all parameters including the unfolding parameter bringing the node to a saddle-node and a parameter belonging to a space of functions. In the second part, we apply this first result for proving a regularity result (Theorem B) on the Dulac time (time of Dulac map) of an unfolding of a saddle-node. This result is a b…

[ MATH.MATH-DS ] Mathematics [math]/Dynamical Systems [math.DS][MATH.MATH-DS]Mathematics [math]/Dynamical Systems [math.DS]Block (permutation group theory)Dynamical Systems (math.DS)Space (mathematics)01 natural sciencesCombinatoricsQuadratic equationFOS: MathematicsMathematics - Dynamical Systems0101 mathematicsBifurcationSaddleMathematicsPeriod functionApplied MathematicsUnfolding of a saddle-node010102 general mathematics16. Peace & justice010101 applied mathematicsMSC: 34C07Asymptotic expansions34C07Node (circuits)Asymptotic expansionAnalysis
researchProduct

A Franks' lemma that preserves invariant manifolds

2009

A well-known lemma by John Franks asserts that one obtains any perturbation of the derivative of a diffeomorphism along a periodic orbit by a $C^1$-perturbation of the whole diffeomorphism on a small neighbourhood of the orbit. However, one does not control where the invariant manifolds of the orbit are, after perturbation. We show that if the perturbated derivative is obtained by an isotopy along which some strong stable/unstable manifolds of some dimensions exist, then the Franks perturbation can be done preserving the corresponding stable/unstable semi-local manifolds. This is a general perturbative tool in $C^1$-dynamics that has many consequences. We give simple examples of such conseq…

[ MATH.MATH-DS ] Mathematics [math]/Dynamical Systems [math.DS][MATH.MATH-DS]Mathematics [math]/Dynamical Systems [math.DS]FOS: Mathematics37C25 37C29 37C20 37D10[MATH.MATH-DS] Mathematics [math]/Dynamical Systems [math.DS]Dynamical Systems (math.DS)Mathematics - Dynamical Systems
researchProduct

Ping-pong configurations and circular orders on free groups

2017

We discuss actions of free groups on the circle with "ping-pong" dynamics; these are dynamics determined by a finite amount of combinatorial data, analogous to Schottky domains or Markov partitions. Using this, we show that the free group $F_n$ admits an isolated circular order if and only if n is even, in stark contrast with the case for linear orders. This answers a question from (Mann, Rivas, 2016). Inspired by work of Alvarez, Barrientos, Filimonov, Kleptsyn, Malicet, Menino and Triestino, we also exhibit examples of "exotic" isolated points in the space of all circular orders on $F_2$. Analogous results are obtained for linear orders on the groups $F_n \times \mathbb{Z}$.

[ MATH.MATH-GR ] Mathematics [math]/Group Theory [math.GR][ MATH.MATH-DS ] Mathematics [math]/Dynamical Systems [math.DS][MATH.MATH-DS]Mathematics [math]/Dynamical Systems [math.DS]MSC2010: Primary 20F60 57M60. Secondary 20E05 37C85 37E05 37E10 57M60.Extension (predicate logic)Group Theory (math.GR)Dynamical Systems (math.DS)Space (mathematics)20F60 57M60[MATH.MATH-GR]Mathematics [math]/Group Theory [math.GR]CombinatoricsFree groupsOne-dimensional dynamicsFree groupPing pongFOS: MathematicsDiscrete Mathematics and CombinatoricsOrder (group theory)Geometry and TopologyMathematics - Dynamical SystemsMathematics - Group TheoryMathematicsOrders on groups
researchProduct