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arXiv · 2201.09582

Levy processes in bounded domains: Path-wise reflection scenarios and signatures of confinement

Piotr Garbaczewski·Mariusz Żaba
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Abstract

We discuss an impact of various (path-wise) reflection-from-the barrier scenarios upon confining properties of a paradigmatic family of symmetric $\alpha $-stable L\'{e}vy processes, whose permanent residence in a finite interval on a line is secured by a two-sided reflection. Depending on the specific reflection "mechanism", the inferred jump-type processes differ in their spectral and statistical characteristics, like e.g. relaxation properties, and functional shapes of invariant (equilibrium, or asymptotic near-equilibrium) probability density functions in the interval. The analysis is carried out in conjunction with attempts to give meaning to the notion of a reflecting L\'{e}vy process, in terms of the domain of its motion generator, to which an invariant pdf (actually an eigenfunction) does belong.

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Piotr Garbaczewski, Mariusz Żaba. 2022-01-24. Levy processes in bounded domains: Path-wise reflection scenarios and signatures of confinement. https://doi.org/10.1088/1751-8121%2Fac7d1f

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