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Random-time isotropic fractional stable fields

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arxiv 1112.4794 v2 pith:R6K4PPJC submitted 2011-12-20 math.PR

Random-time isotropic fractional stable fields

classification math.PR
keywords fsmsstablealpha-stabilizedprocessessubordinationfieldsisotropicproduces
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Generalizing both Substable FSMs and Indicator FSMs, we introduce alpha-stabilized subordination, a procedure which produces new FSMs (H-sssi symmetric stable processes) from old ones. We extend these processes to isotropic stable fields which have stationary increments in the strong sense, i.e., processes which are invariant under Euclidean rigid motions of the multi-dimensional time parameter. We also prove a Stable Central Limit Theorem which provides an intuitive picture of alpha-stabilized subordination. Finally we show that alpha-stabilized subordination of Linear FSMs produces null-conservative FSMs, a class of FSMs introduced in Samorodnitsky (2005).

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