Understanding Markov Chains : Examples and Applications Paperback / softback
by Nicolas Privault
Part of the Springer Undergraduate Mathematics Series series
Paperback / softback
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Description
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.
Information
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In Stock - low on stock, only 1 copy remainingFree UK DeliveryEstimated delivery 2-3 working days
- Format:Paperback / softback
- Pages:372 pages, 44 Illustrations, black and white; XVII, 372 p. 44 illus.
- Publisher:Springer Verlag, Singapore
- Publication Date:15/08/2018
- Category:
- ISBN:9789811306587
Other Formats
- PDF from £25.49
- EPUB from £29.74
Information
-
In Stock - low on stock, only 1 copy remainingFree UK DeliveryEstimated delivery 2-3 working days
- Format:Paperback / softback
- Pages:372 pages, 44 Illustrations, black and white; XVII, 372 p. 44 illus.
- Publisher:Springer Verlag, Singapore
- Publication Date:15/08/2018
- Category:
- ISBN:9789811306587
