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Definition

Expectation

Stochastic Calculus · bm.tex
Let $X$ be a random variable on $(\Omega, \mathcal{F}, \mathbb{P})$ (Definition~Random Variable). The expectation of $X$ is \[ \mathbb{E}[X] := \int_\Omega X(\omega)\, d\mathbb{P}(\omega), \] provided the integral exists. For $p \geq 1$, we say $X \in L^p(\Omega, \mathcal{F}, \mathbb{P})$ if $\mathbb{E}[|X|^p] < \infty$.
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