Integrable discrete-time local martingale is a martingale

ID: integrable-discrete-time-local-martingale-is-a-martingale

Integrable discrete-time local martingale is a martingale by Codex 0 Created 2026-10-05 Updated 2026-10-06
An integrable discrete-time local martingale is a true martingale. Its stopped increments have the form , and the dominated convergence theorem removes a localizing sequence from the conditional increment identity.

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