{"entities":{"Q1761492":{"pageid":1772234,"ns":120,"title":"Item:Q1761492","lastrevid":72907440,"modified":"2026-04-14T08:41:25Z","type":"item","id":"Q1761492","labels":{"en":{"language":"en","value":"Large volatility-stabilized markets"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 6106888"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1761492$7BA052C0-E9C1-4AE2-9DE9-BE2BD9AC97C7","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"e31e1d0a7c0bab0701197860e69853e43310e847","datavalue":{"value":{"text":"Large volatility-stabilized markets","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q1761492$D2296514-4F3D-41F0-839D-6589BB0D69D3","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"6368a26b565ef4f80438f95eae6cb397a5c898d7","datavalue":{"value":"1288.60092","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$0B93E881-854E-47D4-A817-2FC528864E03","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"17e8853f1c093beb3b2895fe741e234324e68141","datavalue":{"value":{"entity-type":"item","numeric-id":246808,"id":"Q246808"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1761492$98863BA5-9F02-4132-8B22-7432DBA3820A","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"0a7f38bff7197b9d5228d1d2cd340d5028d13b61","datavalue":{"value":{"entity-type":"item","numeric-id":61365,"id":"Q61365"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1761492$A33BAD9B-4D77-421B-A23D-5B275C70E332","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"acc91f928e2b1e0c530416c02d7de319da4a675d","datavalue":{"value":{"time":"+2012-11-15T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q1761492$DBA30E69-F366-49FB-B473-8DA11A30053B","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"637fb9f76573634479e5604f8c94c8661d218258","datavalue":{"value":"https://arxiv.org/abs/1102.3461","type":"string"},"datatype":"url"},"type":"statement","id":"Q1761492$AA73CD63-7918-4219-84E5-B33E98B219C8","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"c3d4a6a2b8f34892f62287801f7be24875e63d40","datavalue":{"value":"Motivated by modeling of the evolution of market capitalizations in equity markets, the author studies a system of coupled stochastic differential equations  \\[  d X_i(t) = {\\eta \\over 2} S(t) dt + \\sqrt{X_i (t)S(t)} d W_i(t),\\quad 1 \\leq i \\leq N,  \\]  where \\(\\eta > 1\\) is a constant, \\(S(t) = \\sum_{i=1}^N X_i(t)\\), and \\(W_1,\\dots,W_N\\) are independent standard Brownian motions, with a random initial value \\((X_1(0),\\dots,X_N(0))\\) in \\([0,\\infty)^N\\). The aim of the paper is to study the asymptotic behavior of this system when \\(N\\) is large. More specifically, the author considers the empirical distribution  \\[  \\rho^N(t) = {1 \\over N} \\sum_{i=1}^N \\delta_{X_i(t/N)},  \\]  where \\(\\delta_x\\) stands for the Dirac delta at \\(x \\in \\mathbb R\\), with \\(0 \\leq t \\leq T\\) for some fixed time horizon \\(T>0\\). The process \\(\\rho^N(t)\\), \\(0 \\leq t \\leq T\\), is continuous and assumes values in the space \\(M_1(\\mathbb R)\\) of probability measures on \\(\\mathbb R\\). The main result of the paper establishes that, under a mild condition on the asymptotic behavior of the initial value \\((X_1(0),\\dots,X_N(0))\\), the law of the process \\(\\rho^N(t)\\), \\(0 \\leq t \\leq T\\), converges weakly, as \\(N \\rightarrow \\infty\\), to a Dirac delta \\(\\delta_\\rho\\), where the measure-valued function \\(\\rho \\in C([0,T],M_1([0,\\infty)))\\) can be described as a distributional solution to a degenerate parabolic partial differential equation. Furthermore, it is shown that \\(\\rho\\) admits a stochastic representation in terms of a time-changed squared Bessel process and that the density of \\(\\rho(t)\\) with respect to the Lebesgue measure, for any \\(0 \\leq t \\leq T\\), can be described as an integral involving a Bessel function.","type":"string"},"datatype":"string"},"type":"statement","id":"Q1761492$64AEB028-C238-427F-8016-E4520B09939A","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"2823797a7ed5886f5555bd10af24fd0d7821c4f3","datavalue":{"value":"60J60","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$8868AA8E-E204-487A-9EF0-F4962539513F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"b0a8ec7e0e558e61536a56fc2bf8ce5de05286c1","datavalue":{"value":"60J70","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$22FB4E39-70DA-429D-AD8C-6144163372FF","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"9fa3e81bd1d73482efe437e765d72accba82d844","datavalue":{"value":"91G80","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$B91DAB85-B7BD-48E9-A083-4E3AF2B10677","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"08e9a82c2606ff4dd5abc8e30a5b6eb0f17433dd","datavalue":{"value":"6106888","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$29D4A653-2907-4E2A-A6F8-F27552BB29E4","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"c191c56b8cc7f564faa0c9e091994dfa9435a37c","datavalue":{"value":"interacting diffusion processes","type":"string"},"datatype":"string"},"type":"statement","id":"Q1761492$A76CE9DF-8E3D-4EA0-9F3C-A76C73EF2129","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"8cda6403dc7b4bd64220feb1a823ef50df2c3534","datavalue":{"value":"hydrodynamic limit","type":"string"},"datatype":"string"},"type":"statement","id":"Q1761492$8AB1FBE3-9050-4F30-A985-B989819FDA86","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"82681eac8e052fe61580973e67b6cd33e8282860","datavalue":{"value":"volatility-stabilized models","type":"string"},"datatype":"string"},"type":"statement","id":"Q1761492$7DC7FBAA-27CB-48C8-92C8-8D5854671370","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"c422b1e5edf68b3c630d31aa864cd97cfa624ddd","datavalue":{"value":"Bessel processes","type":"string"},"datatype":"string"},"type":"statement","id":"Q1761492$D098B866-EC3B-499A-A52E-5354A968A504","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"3e1719c19a8604a59d8315a51e494ab02fd0dc37","datavalue":{"value":"degenerate parabolic partial differential equations","type":"string"},"datatype":"string"},"type":"statement","id":"Q1761492$BAA5943A-68E3-4BC0-BE78-5A053E725FB4","rank":"normal"}],"P1447":[{"mainsnak":{"snaktype":"value","property":"P1447","hash":"8f0cdab979fb785584b8549fec361ed8111bc56a","datavalue":{"value":{"entity-type":"item","numeric-id":282554,"id":"Q282554"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1761492$5EA4B2C0-2CD9-4279-B437-F4DC732A4277","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1761492$BBD2946D-012C-452D-815E-259EDBA38769","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"a7287e3e1fbc7268b1a4a59ec1fa47ee370da95e","datavalue":{"value":"W2041965429","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$609CC2D9-E976-4CC9-A0D0-2E6B69E3C9A7","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"a548eacb5655526bfb10fc4ce8f049b5dd0ec07f","datavalue":{"value":"10.1016/J.SPA.2012.09.001","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1761492$FEE46944-A2AD-4E6F-A404-C10AF6FCFB97","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"5f1d541040b6518b2423e3d840c56a8e8aabfcbe","datavalue":{"value":{"entity-type":"item","numeric-id":470721,"id":"Q470721"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"92e8a855b270ff212e408a03276318fdbe252a32","datavalue":{"value":{"amount":"+0.8257099986076355","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1761492$E4FC9CAE-2D03-47A2-A766-65BA1E92B3B7","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"74777bba176266d44ccb3599772ac2410bfe24b1","datavalue":{"value":{"entity-type":"item","numeric-id":4607058,"id":"Q4607058"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"c5e46a27eedabcf0dd0a08a736ac82be4f1d03e9","datavalue":{"value":{"amount":"+0.785122811794281","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1761492$DE5725FE-AF6F-4F83-AE6E-C2CBCA0FF248","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"05e2ad5f4223f8a0bf6ac01fa0bb1c28f3f859a2","datavalue":{"value":{"entity-type":"item","numeric-id":424497,"id":"Q424497"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"a18df3ceb5c07ca45ee917c9ad9105f4a43fead2","datavalue":{"value":{"amount":"+0.7814115285873413","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1761492$1B1CF1BD-6BD2-4CE8-8F76-6CF7D0905D11","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"e811edcca4e62674a9ffb89d3be69b306d079768","datavalue":{"value":{"entity-type":"item","numeric-id":1746148,"id":"Q1746148"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"3eb0757ba4d6f68c19cbc1a58b3d14efa8e1c71a","datavalue":{"value":{"amount":"+0.7679905891418457","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1761492$4A15177F-7C56-48BD-A8DE-0D2378EC3A75","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"c758a91f35199e5ab0da64484088e8ad8d0ba59b","datavalue":{"value":{"entity-type":"item","numeric-id":1333388,"id":"Q1333388"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"16a31b41352f606255293a142f5083e72e35da54","datavalue":{"value":{"amount":"+0.7644184827804565","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1761492$D150E9C9-1B52-40A3-860A-A74E18DB1108","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Large volatility-stabilized markets","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Large_volatility-stabilized_markets"}}}}}