arrow
Volume 17, Issue 4
A Class of Efficient Multistep Methods for Forward Backward Stochastic Differential Equations

Xiao Tang & Jie Xiong

Numer. Math. Theor. Meth. Appl., 17 (2024), pp. 904-932.

Published online: 2024-12

Export citation
  • Abstract

A class of efficient multistep methods for forward backward stochastic differential equations (FBSDEs) are proposed and studied in this paper. According to the characteristic of our multistep methods and replacing the corresponding Brownian motion increments with appropriate two-point distributed random variables, we obtain a very efficient algorithm to approximate the conditional expectations involved in the multistep methods. It is thanks to this efficient algorithm that we can obtain a class of efficient fully discrete form of high-order methods for the FBSDEs. Finally, some numerical results are presented to illustrate the efficiency of our multistep methods.

  • AMS Subject Headings

65C30, 60H10, 65L06

  • Copyright

COPYRIGHT: © Global Science Press

  • Email address
  • BibTex
  • RIS
  • TXT
@Article{NMTMA-17-904, author = {Tang , Xiao and Xiong , Jie}, title = {A Class of Efficient Multistep Methods for Forward Backward Stochastic Differential Equations}, journal = {Numerical Mathematics: Theory, Methods and Applications}, year = {2024}, volume = {17}, number = {4}, pages = {904--932}, abstract = {

A class of efficient multistep methods for forward backward stochastic differential equations (FBSDEs) are proposed and studied in this paper. According to the characteristic of our multistep methods and replacing the corresponding Brownian motion increments with appropriate two-point distributed random variables, we obtain a very efficient algorithm to approximate the conditional expectations involved in the multistep methods. It is thanks to this efficient algorithm that we can obtain a class of efficient fully discrete form of high-order methods for the FBSDEs. Finally, some numerical results are presented to illustrate the efficiency of our multistep methods.

}, issn = {2079-7338}, doi = {https://doi.org/10.4208/nmtma.OA-2024-0010 }, url = {http://global-sci.org/intro/article_detail/nmtma/23646.html} }
TY - JOUR T1 - A Class of Efficient Multistep Methods for Forward Backward Stochastic Differential Equations AU - Tang , Xiao AU - Xiong , Jie JO - Numerical Mathematics: Theory, Methods and Applications VL - 4 SP - 904 EP - 932 PY - 2024 DA - 2024/12 SN - 17 DO - http://doi.org/10.4208/nmtma.OA-2024-0010 UR - https://global-sci.org/intro/article_detail/nmtma/23646.html KW - Forward backward stochastic differential equations, multistep methods, efficient high-order methods, conditional expectations. AB -

A class of efficient multistep methods for forward backward stochastic differential equations (FBSDEs) are proposed and studied in this paper. According to the characteristic of our multistep methods and replacing the corresponding Brownian motion increments with appropriate two-point distributed random variables, we obtain a very efficient algorithm to approximate the conditional expectations involved in the multistep methods. It is thanks to this efficient algorithm that we can obtain a class of efficient fully discrete form of high-order methods for the FBSDEs. Finally, some numerical results are presented to illustrate the efficiency of our multistep methods.

Tang , Xiao and Xiong , Jie. (2024). A Class of Efficient Multistep Methods for Forward Backward Stochastic Differential Equations. Numerical Mathematics: Theory, Methods and Applications. 17 (4). 904-932. doi:10.4208/nmtma.OA-2024-0010
Copy to clipboard
The citation has been copied to your clipboard