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Large deviations for transient random walks with asymptotically zero drifts
AIMS Mathematics 2025, 10(4): 8777-8793
Published: 15 April 2025
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We consider transient nearest-neighbor random walks X := { X n } n 0 on the half-line, whose transition probabilities are state-dependent with certain asymptotic perturbations. This is a specific case of Lamperti's random walks. Let M t := max { X i , 0 i t } be the maximum process of X, and T n := inf { t 0 , X t = n } be its inverse process. Hong&Yang (2019) provided the law of large numbers for T n . In this paper, we study the large deviations for M t and T n with speeds less than n. This indicates that the perturbations slow down the random walk.

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