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Random Walk: A Modern Introduction - University of Chicago
www.math.uchicago.edu12.4 Markov chains 269 12.4.1 Chains restricted to subsets 272 12.4.2 Maximal coupling of Markov chains 275 12.5 Some Tauberian theory 278 12.6 Second moment method 280 12.7 Subadditivity 281 References 285 Index of Symbols 286 Index 288
Essentials of Stochastic Processes - Duke University
services.math.duke.eduMarkov Chains 1.1 Deļ¬nitions and Examples The importance of Markov chains comes from two facts: (i) there are a large number of physical, biological, economic, and social phenomena that can be modeled in this way, and (ii) there is a well-developed theory that allows us to do computations. We begin with a famous example, then describe the ...