An isonormal process is a fundamental concept in stochastic analysis and Gaussian processes. It provides a way to define a Gaussian process indexed by elements of a Hilbert space. Here’s an overview of the concept:

1. Definition

An isonormal process is a collection of random variables $\{ X(h) : h \in H \}$ defined on a probability space such that:

$\mathbb{E}[X(h) X(g)] = \langle h, g \rangle_H,$

where $\langle \cdot, \cdot \rangle_H$ denotes the inner product in $H$ .

2. Properties

$X(ah_1 + bh_2) \stackrel{d}{=} aX(h_1) + bX(h_2).$

3. Examples and Applications

$X(h) = \int_0^T h(t) \, dW(t).$

The covariance is $\mathbb{E}[X(h) X(g)] = \int_0^T h(t) g(t) \, dt$ , which matches the $L^2$ inner product.

4. Mathematical Context

Isonormal processes are used extensively in the study of Gaussian measures on infinite-dimensional spaces and in the Malliavin calculus, which is a stochastic calculus of variations. They are instrumental in defining stochastic integrals with respect to Gaussian processes and in proving central limit theorems for functionals of Gaussian fields.

5. Generalization

Isonormal processes can be generalized beyond basic Gaussian processes to include various fields in probability theory and stochastic analysis:

6. Typical Use Case