Understanding Markov Chains

Language: English

Published by Springer Jun 2026, 2026

9819540569 / 9789819540563

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Seller: Wegmann1855, Zwiesel, GermanyWegmann1855

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Neuware -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 the computation of 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 starts by examining in detail two important examples (gambling processes and random walks) before presenting the general theory 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, 150 exercises and 22 problems with their solutions.This book is a revised and expanded version of the previous edition, and includes additional exercises and problems with complete solutions. As in the previous book, all exercises and problems are solved in detail, with many graphs and explanatory figures.…

Seller Inventory # 9789819540563

Title
Understanding Markov Chains
Author
Nicolas Privault
Publisher
Springer Jun 2026
Publication year
2026
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
9819540569
ISBN 13
9789819540563
Edition
3rd Edition
Item weight
657 grams
Dimensions
235x155x20 mm

Wegmann1855

Zwiesel, Germany

5-star seller

AbeBooks seller since June 2, 2022

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