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Deep Curve-dependent PDEs for affine rough volatility

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arxiv 1906.02551 v3 pith:ESBSWLQY submitted 2019-06-06 q-fin.PR

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keywords affinecurve-dependentdeepnumericalroughsimulationsvolatilityalgorithm
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We introduce a new deep-learning based algorithm to evaluate options in affine rough stochastic volatility models. Viewing the pricing function as the solution to a curve-dependent PDE (CPDE), depending on forward curves rather than the whole path of the process, for which we develop a numerical scheme based on deep learning techniques. Numerical simulations suggest that the latter is a promising alternative to classical Monte Carlo simulations.

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Cited by 2 Pith papers

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. Full citation record

  1. Deep neural network approximations for Monte Carlo algorithms

    math.NA 2019-08 conditional novelty 6.0 of 10

    A general theorem shows that neural networks inherit the absence of the curse of dimensionality from any discrete Monte Carlo scheme they can emulate, with applications to Kolmogorov PDEs.

  2. Space-time error estimates for deep neural network approximations for differential equations

    math.NA 2019-08 accept novelty 6.0 of 10

    The paper proves the first space-time error estimates for deep ReLU network approximations of Euler approximations of perturbed differential equations.

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