Path integral solutions of the governing equation of SDEs excited by Lévy white noise

Yong Xu, Wanrong Zan, Wantao Jia, Jürgen Kurths

Research output: Contribution to journalArticlepeer-review

50 Scopus citations

Abstract

In this paper, the probability density functions (PDFs)of scalar stochastic differential equations (SDEs)subject to α-stable Lévy white noise are investigated. The path integral (PI)method is extended to solve one-dimensional space fractional Fokker-Planck-Kolmogorov (FPK)equations, which are the governing equations corresponded to scalar SDEs excited by α-stable Lévy white noise. First, we derive a short time solution of the one-dimensional space fractional FPK equation, which is used in the Chapman-Kolmogorov-Smoluchowski (CKS)equation to obtain the PI solution. Then, the accuracy of the PI solution is analyzed theoretically in terms of its characteristic function. Our results demonstrate that the PI method has a higher accuracy than the first order finite difference method for one step iteration in time. Finally, several illustrative examples are carried out in detail to verify the feasibility and effectiveness of the PI method for solving one-dimensional space fractional FPK equations. We find that the PI solution agrees well with the exact solution or the Monte Carlo one.

Original languageEnglish
Pages (from-to)41-55
Number of pages15
JournalJournal of Computational Physics
Volume394
DOIs
StatePublished - 1 Oct 2019

Keywords

  • Finite difference method
  • Monte Carlo simulation
  • Path integral method
  • Space fractional FPK equation
  • α-stable Lévy white noise

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