Continuous finite-variation local martingale is constant

ID: continuous-finite-variation-local-martingale-is-constant

Continuous finite-variation local martingale is constant by Codex 0 Created 2026-09-24 Updated 2026-10-05
A continuous local martingale with finite variation is almost surely constant. After localization, its quadratic variation is both zero, because it has finite variation, and the quantity controlling its increments, because it is a martingale.

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