Understanding Markov Chains

Examples and Applications

Nonfiction, Science & Nature, Mathematics, Statistics
Cover of the book Understanding Markov Chains by Nicolas Privault, Springer Singapore
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nicolas Privault ISBN: 9789811306594
Publisher: Springer Singapore Publication: August 3, 2018
Imprint: Springer Language: English
Author: Nicolas Privault
ISBN: 9789811306594
Publisher: Springer Singapore
Publication: August 3, 2018
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer Singapore

Cover of the book Theory and Technology of Laser Imaging Based Target Detection by Nicolas Privault
Cover of the book Communications, Signal Processing, and Systems by Nicolas Privault
Cover of the book Sexual Identity and Lesbian Family Life by Nicolas Privault
Cover of the book Statistics and its Applications by Nicolas Privault
Cover of the book Software Fault Prediction by Nicolas Privault
Cover of the book Structuring the Thesis by Nicolas Privault
Cover of the book The Evolution of the Non-market Economy Treatment in the Multilateral Trading System by Nicolas Privault
Cover of the book Management Education in India by Nicolas Privault
Cover of the book Proceedings of the Institute of Industrial Engineers Asian Conference 2013 by Nicolas Privault
Cover of the book Flotation Reagents: Applied Surface Chemistry on Minerals Flotation and Energy Resources Beneficiation by Nicolas Privault
Cover of the book Assessment of Carbon Footprint in Different Industrial Sectors, Volume 2 by Nicolas Privault
Cover of the book Informal Payments and Regulations in China's Healthcare System by Nicolas Privault
Cover of the book Electronic States in Crystals of Finite Size by Nicolas Privault
Cover of the book International Conference on Mathematical Sciences and Statistics 2013 by Nicolas Privault
Cover of the book Equity Valuation and Negative Earnings by Nicolas Privault
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy