Discrete stochastic integration in Riesz spaces (Q618835): Difference between revisions

This paper is a continuation of the work of the authors in [Indag. Math., New Ser. 15, No.~3, 435--451 (2004; Zbl 1057.60041); J. Math. Anal. Appl. 303, No.~2, 509--521 (2005; Zbl 1075.46002)]. They continue with the construction of the martingale transform or discrete stochastic integral in a Riesz space setting. The discrete stochastic integral is considered both in terms of a weighted sum of differences and via bilinear vector-valued forms. For this purpose, analogues of the spaces \(L^2\) and Mart\(^2\) on Riesz spaces with a conditional expectation operator and a weak order unit are constructed. These constructions use the \(f\)-algebra structure of the universal completion of the Riesz space and properties of the extension of the conditional expectation to its natural domain.