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The large deviation properties of
in the downward direction have been studied by Donsker and Varadhan [3], Bolthausen [2] and Sznitman [7]. For
the outcome, proved in successive stages of refinement, reads as follows:
(4)
for any
satisfying
and
(5)
where
is the smallest Dirichlet eigenvalue of
on the ball with unit volume. It turns out that the optimal strategy for the Brownian motion to realise the large deviation in (4) is to explore a ball with volume
until time
, i.e., the Wiener sausage covers this ball entirely and nothing outside. This optimal strategy is simple and its optimality comes from the Faber-Krahn isoperimetric inequality.
Note that, apparently, a deviation below the scale of the mean `squeezes all the empty space out of the Wiener sausage'. Also note that the limit in (4) does not depend on
.