Past exam of the mathematics course of the University of Cambridge 2023 ii Paper 2 30K d Solution Created 2026-09-24 Updated 2026-09-25
Let . Given , the new information at time is only the independent symmetric sign . Thusfor some -measurable . Taking conditional expectation and using the martingale property gives . More explicitly, one can takewhich is predictable. ThereforeThis is the predictable representation in a Rademacher filtration.