Central extensions and stochastic processes associated with the Lie algebra of the renormalized higher powers of white noise
In the first part of the paper we discuss possible definitions of Fock representation of the *-Lie algebra of the Renormalized Higher Powers of White Noise (RHPWN). We propose one definition that avoids the no-go theorems and we show that the vacuum distribution of the analogue of the field operator for the n-th renormalized power of WN defines a continuous binomial process. In the second part of the paper we present without proof our recent results on the central extensions of RHPWN, its subalgebras...