Understanding Markov Chains is popular PDF and ePub book, written by Nicolas Privault in 2018-08-03, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Understanding Markov Chains can be Read Online from any device for your convenience.
Understanding Markov Chains Book PDF Summary
This book provides an undergraduate-level introduction to discrete and continuous-time Markov chains and their applications, with a particular focus on the first step analysis technique and its applications to average hitting times and ruin probabilities. It also discusses classical topics such as recurrence and transience, stationary and limiting distributions, as well as branching processes. It first examines in detail two important examples (gambling processes and random walks) before presenting the general theory itself in the subsequent chapters. It also provides an introduction to discrete-time martingales and their relation to ruin probabilities and mean exit times, together with a chapter on spatial Poisson processes. The concepts presented are illustrated by examples, 138 exercises and 9 problems with their solutions.
Detail Book of Understanding Markov Chains PDF
- Author : Nicolas Privault
- Release : 03 August 2018
- Publisher : Springer
- ISBN : 9789811306594
- Genre : Mathematics
- Total Page : 379 pages
- Language : English
- PDF File Size : 7,7 Mb
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