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Understanding Markov Chains: Examples and Applications by Nicolas Privault (Paperback, 2013)

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Product Information

This book provides an undergraduate introduction to discrete and continuous-time Markov chains and their applications. A large focus is placed on the first step analysis technique and its applications to average hitting times and ruin probabilities. Classical topics such as recurrence and transience, stationary and limiting distributions, as well as branching processes, are also covered. Two major examples (gambling processes and random walks) are treated in detail from the beginning, before the general theory itself is presented in the subsequent chapters. An introduction to discrete-time martingales and their relation to ruin probabilities and mean exit times is also provided, and the book includes a chapter on spatial Poisson processes with some recent results on moment identities and deviation inequalities for Poisson stochastic integrals. The concepts presented are illustrated by examples and by 72 exercises and their complete solutions.

Product Identifiers

Publisher
Springer Verlag, Singapore
ISBN-13
9789814451505
eBay Product ID (ePID)
156636622

Product Key Features

Author
Nicolas Privault
Publication Name
Understanding Markov Chains: Examples and Applications
Format
Paperback
Language
English
Subject
Mathematics
Publication Year
2013
Type
Textbook
Number of Pages
354 Pages

Dimensions

Item Height
235mm
Item Width
155mm
Item Weight
5504g

Additional Product Features

Title_Author
Nicolas Privault
Series Title
Springer Undergraduate Mathematics Series
Country/Region of Manufacture
Singapore

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Understanding Markov Chains: Examples and Applications by Nicolas Privault (Paperback, 2013)

More items related to this product

item 1 Understanding Markov Chains: Examples and Applications by Nicolas Privault...

item 2 Understanding Markov Chains: Examples and Applications by Nicolas Privault

item 3 Understanding Markov Chains : Examples and Applications by Privault, Nicolas

item 4 Understanding Markov Chains: Examples and Applications by Nicolas Privault (Engl

item 5 Understanding Markov Chains : Examples and Applications.by Privault New<|

item 6 Understanding Markov Chains : Examples and Applications, Paperback by Privaul...

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