Understanding Markov chains : examples and applications / Nicolas Privault.

This book provides an undergraduate introduction to discrete andcontinuous-time Markov chains and their applications. A large focus is placed on the first step analysistechnique and its applications to average hitting times and ruin probabilities. Classical topics such as recurrence and transience,...

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Bibliographic Details

Online Access:	Full Text (via Springer)
Main Author:	Privault, Nicolas (Author)
Format:	eBook
Language:	English
Published:	Singapore : Springer, 2013.
Series:	Springer undergraduate mathematics series.
Subjects:	Markov processes.