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Analysis of Multi-Index Monte Carlo Estimators for a Zakai SPDE

Analysis of Multi-Index Monte Carlo Estimators for a Zakai SPDE

Year:    2018

Author:    Christoph Reisinger, Zhenru Wang

Journal of Computational Mathematics, Vol. 36 (2018), Iss. 2 : pp. 202–236

Abstract

In this article, we propose a space-time Multi-Index Monte Carlo (MIMC) estimator for a one-dimensional parabolic stochastic partial differential equation (SPDE) of Zakai type. We compare the complexity with the Multilevel Monte Carlo (MLMC) method of Giles and Reisinger (2012), and find, by means of Fourier analysis, that the MIMC method: (i) has suboptimal complexity of $O(ε^{−2}|logε|^3)$ for a root mean square error (RMSE) $ε$ if the same spatial discretisation as in the MLMC method is used; (ii) has a better complexity of $O(ε^{−2}|logε|)$ if a carefully adapted discretisation is used; (iii) has to be adapted for non-smooth functionals. Numerical tests confirm these findings empirically.

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Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.4208/jcm.1612-m2016-0681

Journal of Computational Mathematics, Vol. 36 (2018), Iss. 2 : pp. 202–236

Published online:    2018-01

AMS Subject Headings:   

Copyright:    COPYRIGHT: © Global Science Press

Pages:    35

Keywords:    Parabolic stochastic partial differential equations Multilevel Monte Carlo Multi-index Monte Carlo Stochastic finite differences Zakai equation.

Author Details

Christoph Reisinger

Zhenru Wang

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