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Monte carlo estimation of the solution of fractional partial differential equations

Fractional Calculus and Applied Analysis. 2021. Vol. 24. No. 1. P. 278–306.
Kolokoltsov V., Lin F., Mijatovic A.

The paper is devoted to the numerical solutions of fractional PDEs
based on its probabilistic interpretation, that is, we construct approximate
solutions via certain Monte Carlo simulations. The main results represent
the upper bound of errors between the exact solution and the Monte Carlo
approximation, the estimate of the fluctuation via the appropriate central
limit theorem (CLT) and the construction of confidence intervals. Moreover,
we provide rates of convergence in the CLT via Berry-Esseen type
bounds. Concrete numerical computations and illustrations are included.

Research target: Mathematics
Language: English
Full text
DOI
Text on another site
Keywords: analytical and numerical solutionsMonte Carlo simulationsfractional PDEs
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