๐”– Bobbio Scriptorium
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A note on markov chains in stationary random environments

โœ Scribed by Hanxing Wang; Dafan Fang


Book ID
107483095
Publisher
Chinese Electronic Periodical Services
Year
1999
Tongue
English
Weight
369 KB
Volume
3
Category
Article
ISSN
1007-6417

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๐Ÿ“œ SIMILAR VOLUMES


A note on circular Markov chains
โœ Josรฉ Luis Palacios ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 70 KB

Using the electric network approach, we give closed-form formulas for the stationary probabilities and expected hitting times in balanced circular Markov chains. As an application, we give a closed-form formula for the duration of play in the general ruin problem, where the probabilities of winning