Abstract:
An integer random walk $\{S_{i},\,i\geqslant 0\}$ with zero drift and finite variance $\sigma^{2}$ is considered. For a random process that assigns, to a variable $u\in \mathbb{R}$, the number of hits of the specified walk into the state $\lfloor u\sigma\sqrt n\rfloor $ up to time $n$ and is considered under the condition that $S_{n}=0$, a functional limit theorem concerning convergence of the process to the local time of the Brownian bridge is proved.
Keywords:random walks, conditional Brownian motions, local time of conditional Brownian motions, functional limit theorems.
The work was carried out at the Steklov International Mathematical Center and supported by the Ministry Science and Higher Education of Russia (agreement no. 075-15-2022-265).
Citation:
V. I. Afanasyev, “Limit theorem on convergence to the local time of a Brownian bridge”, Mat. Zametki, 116:5 (2024), 647–666; Math. Notes, 116:5 (2024), 875–891