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arxiv: 1008.1701 · v1 · pith:VW62I6L4new · submitted 2010-08-10 · 🧮 math.PR

An elementary approach to Brownian local time based on simple, symmetric random walks

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keywords localalmostbrownianelementarylimitrandomsimplesymmetric
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In this paper we define Brownian local time as the almost sure limit of the local times of a nested sequence of simple, symmetric random walks. The limit is jointly continuous in $(t,x)$. The rate of convergence is $n^{\frac14} (\log n)^{\frac34}$ that is close to the best possible. The tools we apply are almost exclusively from elementary probability theory.

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