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A Note on Sufficiency in Regular Markov Chains

โœ Scribed by B. R. Bhat and J. Gani


Book ID
124279183
Publisher
Oxford University Press
Year
1960
Tongue
English
Weight
516 KB
Volume
47
Category
Article
ISSN
0006-3444

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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