
arXiv: 1904.13064
We consider models of the population or opinion dynamics which result in the non-linear stochastic differential equations (SDEs) exhibiting the spurious long-range memory. In this context, the correspondence between the description of the birth-death processes as the continuous-time Markov chains and the continuous SDEs is of high importance for the alternatives of modeling. We propose and generalize the Bessel-like birth-death process having clear representation by the SDEs. The new process helps to integrate the alternatives of description and to derive the equations for the probability density function (PDF) of the burst and inter-burst duration of the proposed continuous time birth-death processes.
11 pages, 3 figures
Physics - Physics and Society, Statistical Finance (q-fin.ST), Markov chains, Bessel process, bursting behavior, Quantitative Finance - Statistical Finance, FOS: Physical sciences, Physics and Society (physics.soc-ph), FOS: Economics and business, Branching processes (Galton-Watson, birth-and-death, etc.), Brownian motion, spurious memory, Continuous-time Markov processes on discrete state spaces, birth-death processes
Physics - Physics and Society, Statistical Finance (q-fin.ST), Markov chains, Bessel process, bursting behavior, Quantitative Finance - Statistical Finance, FOS: Physical sciences, Physics and Society (physics.soc-ph), FOS: Economics and business, Branching processes (Galton-Watson, birth-and-death, etc.), Brownian motion, spurious memory, Continuous-time Markov processes on discrete state spaces, birth-death processes
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