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Equidistant sampling for the maximum of a Brownian motion with drift on a finite horizon. (English) Zbl 1191.60060

Summary: A Brownian motion observed at equidistant sampling points renders a random walk with normally distributed increments. For the difference between the expected maximum of the Brownian motion and its sampled version, an expansion is derived with coefficients in terms of the drift, the Riemann zeta function and the normal distribution function.

MSC:

60G50 Sums of independent random variables; random walks
60J65 Brownian motion
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