A Comparison of Higher-Order Weak Numerical Schemes for Stopped Stochastic Differential Equations

A Comparison of Higher-Order Weak Numerical Schemes for Stopped Stochastic Differential Equations

Year:    2016

Author:    Francisco Bernal, Juan A. Acebrón

Communications in Computational Physics, Vol. 20 (2016), Iss. 3 : pp. 703–732

Abstract

We review, implement, and compare numerical integration schemes for spatially bounded diffusions stopped at the boundary which possess a convergence rate of the discretization error with respect to the time step $h$ higher than $\mathcal{O}$$(√h)$. We address specific implementation issues of the most general-purpose of such schemes. They have been coded into a single Matlab program and compared, according to their accuracy and computational cost, on a wide range of problems in up to R48. The paper is self-contained and the code will be made freely downloadable.

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Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.4208/cicp.OA-2015-0016

Communications in Computational Physics, Vol. 20 (2016), Iss. 3 : pp. 703–732

Published online:    2016-01

AMS Subject Headings:    Global Science Press

Copyright:    COPYRIGHT: © Global Science Press

Pages:    30

Keywords:   

Author Details

Francisco Bernal

Juan A. Acebrón