JSTOR Daily

A Limit Theorem for Semi-Markov Processes

This is a preview. Log in through your library . Abstract A limit theorem is proved for semi-Markov processes, which depend on a small parameter, tending to 0, in the case when the processes have an ...

Markov Chains : The Strange Math That Predicts Almost Anything

Discover how Markov chains predict real systems, from Ulam and von Neumann’s Monte Carlo to PageRank, so you can grasp ...
JSTOR Daily

Level-Crossing Ordering of Semi-Markov Processes and Markov Chains

We extend the definition of level-crossing ordering of stochastic processes, proposed by Irle and Gani (2001), to the case in which the times to exceed levels are compared using an arbitrary ...
lse

Stochastic Processes

This course is compulsory on the BSc in Actuarial Science. This course is available on the BSc in Business Mathematics and Statistics, BSc in Financial Mathematics and Statistics, BSc in Mathematics ...
PBS

Can a Chess Piece Explain Markov Chains?

In this episode probability mathematics and chess collide. In this episode probability mathematics and chess collide. What is the average number of steps it would take before a randomly moving knight ...