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تسجيل مستخدم جديدFiltration-Consistent Dynamic Operator with a Floor and Associated Reflected Backward Stochastic Differential Equations
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This paper introduces the notion of a filtration-consistent dynamic operator with a floor, by suitably formulating four axioms. It is shown that under some suitable conditions, a filtration-consistent dynamic operator with a continuous upper-bounded floor is necessarily represented by the solution of a backward stochastic differential equation reflected upwards on the floor.
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