Thoughts On Economics

Showing posts with label Markov Process. Show all posts
Showing posts with label Markov Process. Show all posts
Friday, January 23, 2015

Approximating a Continuous Time Markov Process

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Figure 1: Rate of Transitions Between States in a Three-State Markov Chain 1.0 Introduction This post, about Markov processes, does ...
Sunday, July 27, 2008

Two Roads Diverged In A Yellow Wood, And Sorry I Could Not Travel Both And Be One Traveler

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1.0 Introduction Brian Arthur and Paul David, two teachers at Stanford about a decade ago, have attracted a certain amount of popular attent...
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