Description: Understanding Markov Chains : Examples and Applications, Paperback by Privault, Nicolas, ISBN 9811306583, ISBN-13 9789811306587, Like New Used, Free P&P in the UK
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.
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Book Title: Understanding Markov Chains : Examples and Applications
Number of Pages: 372 Pages
Language: English
Publication Name: Understanding Markov Chains: Examples and Applications
Publisher: Springer Verlag, Singapore
Publication Year: 2018
Subject: Mathematics
Item Height: 235 mm
Item Weight: 599 g
Type: Textbook
Author: Nicolas Privault
Series: Springer Undergraduate Mathematics Series
Item Width: 155 mm
Format: Paperback
