UM Math Graduate Students Seminar

Andrew Sanchez
University of Miami

will present

Markov Chains

Friday, September 21, 2012, 3:45pm
Ungar Building Room 402


Abstract:Markov Chains are a useful way of modeling random processes that transition between a finite number of states. In this talk we will start with the formal definition of a Markov Chain and some basic definitions, and then derive some results regarding Markov Chains with absorbing states. Time permitting, we will discuss some applications such as the Gambler's Ruin.


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