On R-valued peacocks

نویسندگان

  • Francis HIRSCH
  • Bernard ROYNETTE
چکیده

In this paper, we consider R-valued integrable processes which are increasing in the convex order, i.e. R-valued peacocks in our terminology. After the presentation of some examples, we show that an R-valued process is a peacock if and only if it has the same one-dimensional marginals as an R-valued martingale. This extends former results, obtained notably by V. Strassen (1965), J.L. Doob (1968) and H. Kellerer (1972).

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تاریخ انتشار 2011