Understanding Markov Chains

Examples and Applications

Nonfiction, Science & Nature, Mathematics, Statistics
Cover of the book Understanding Markov Chains by Nicolas Privault, Springer Singapore
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nicolas Privault ISBN: 9789811306594
Publisher: Springer Singapore Publication: August 3, 2018
Imprint: Springer Language: English
Author: Nicolas Privault
ISBN: 9789811306594
Publisher: Springer Singapore
Publication: August 3, 2018
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer Singapore

Cover of the book The Evolution of the Non-market Economy Treatment in the Multilateral Trading System by Nicolas Privault
Cover of the book Policy and Inequality in Education by Nicolas Privault
Cover of the book Universal Fuzzy Controllers for Non-affine Nonlinear Systems by Nicolas Privault
Cover of the book Ethnic Fashion by Nicolas Privault
Cover of the book Development Report on China’s New Media by Nicolas Privault
Cover of the book Lee Kuan Yew’s Educational Legacy by Nicolas Privault
Cover of the book The Resilience Framework by Nicolas Privault
Cover of the book Quality Assurance and Institutional Transformation by Nicolas Privault
Cover of the book Economic Transformation of a Developing Economy by Nicolas Privault
Cover of the book Proceedings of International Conference on Wireless Communication by Nicolas Privault
Cover of the book 130 Years of Medicine in Hong Kong by Nicolas Privault
Cover of the book Self-determinable Development of Small Islands by Nicolas Privault
Cover of the book Poisson Point Processes and Their Application to Markov Processes by Nicolas Privault
Cover of the book Corporate Governance and Value Creation in Japan by Nicolas Privault
Cover of the book Impact of Urbanization on Water Shortage in Face of Climatic Aberrations by Nicolas Privault
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy