Continuous time random walk.

176 Views Asked by At

Consider a random walk $X_t$ in continuous time in $\mathbb{Z}$. Suppose that the walker expects an exponential time of rate $\alpha$ to jump to the right and an exponential time of rate $\beta$ to jump to the left.

Suppose $X_0 = 0$ and that $\alpha >\beta$. I want to show that

$$\mathbb{P}\left(X_t < \frac{(\alpha -\beta)}{2}t\right)\leq Ce^{-Kt}$$

where $K$ and $C$ are constants.

My only question is:

During any time interval $t$, the displacement of the walk can be limited by a random variable $Y_t \sim \text{Poisson} ((\alpha-\beta) t)$?

I think so, but I can't justify it. If the answer is yes, I think I can solve it.