Processes with no standard extension (Q1275698)
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English | Processes with no standard extension |
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Processes with no standard extension (English)
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9 March 1999
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Processes with no standard extension have been recently used to solve problems in the theory of Brownian motion and stochastic integration. The first example of a process with no standard extension was given by A. Vershik (1973). The author of the present note introduces a class of processes derived from Vershik's example and proves that any of these processes does not admit a standard extension. It follows from this proof that Vershik's example process does not admit a standard extension, too. Therefore, this note serves as a simple proof of the Vershik's claim.
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Brownian motion
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stochastic integration
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Markov processes
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processes with no standard extension
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