Peter E. Kloeden

  1. Strong convergence of an explicit numerical method for SDEs with non-globally Lipschitz continuous coefficients.

    Authors: Martin Hutzenthaler, Arnulf Jentzen, Peter E. Kloeden
    Subjects: Numerical Analysis
    Abstract

    On the one hand the explicit Euler scheme fails to converge strongly to the
    exact solution of a stochastic differential equation (SDE) with a superlinearly
    growing and globally one-sided Lipschitz continuous drift coefficient. On the
    other hand the implicit Euler scheme is known to converge strongly to the exact
    solution of such an SDE. Implementations of the implicit Euler scheme, however,
    require additional computational effort.

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