A refined large deviation principle for Brownian motion and its application to boundary crossing (Q1336974)

Let \(W\) denote the standard one-dimensional Brownian motion starting at the origin. Extending Schilder's theorem, the authors prove a large deviation principle for \(\varepsilon^{1/2} W\) as \(\varepsilon\) tends to zero, using a topology which is finer than the uniform one near the origin. Their topology is induced by a metric \(d_ q (x,y) : = \sup_{t \in (0,1]} | x(t) - y(t) |/q(t)\), where \(q\) is a nondecreasing function on [0,1] which belongs to the upper class of Brownian motion. This means that \(\limsup_{t \downarrow 0} W(t)/q(t)\) is finite almost surely. For a large deviation principle with respect to any Hölder norm of exponent less than 1/2 see \textit{P. Baldi}, \textit{G. Ben Arous} and \textit{G. Kerkyacharian} [Stochastic Processes Appl. 42, No. 1, 171-180 (1992; Zbl 0757.60014)].