Discrete version of Ito's lemma

  1. Stochastic Calculus for Finance II: Continuous-Time Models by Shreve or
  2. Shreve or Øksendal's Stochastic Differential Equations
  3. Øksendal
  4. Williams' Probability with Martingales or Shreve

Terry Tao wrote a nicely motivated discussion of the discrete Black-Scholes equation.


Szabados and Székely. Stochastic integration based on simple, symmetric random walks. 2009. MRNumber 2472013

Szabados. A discrete Itô's formula. 1990. MRNumber 1116806

Csörgö and Revész. On strong invariance for local time of partial sums. 1985. (Note: the authors actually had two papers in that year, and Szabados cites the wrong one.) MRNumber 805116

Kudzma. Itô's formula for a random walk. 1982. MRNumber 684465.