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

On Transient Markov Chains with Application to the Uniqueness Problem for Markov Processes

We focus our attention herein on a Markov chain $x_0, x_1, \cdots$ with a countable number of states indexed by a subset I of the integers and with stationary ...
Harvard Business School

Data Uncertainty in Markov Chains: Application to Cost-Effectiveness Analyses of Medical Innovations

Goh, Joel, Mohsen Bayati, Stefanos A. Zenios, Sundeep Singh, and David Moore. "Data Uncertainty in Markov Chains: Application to Cost-Effectiveness Analyses of Medical Innovations." Operations ...

How Clear Probabilistic Models Can Strengthen Intelligent Systems in an Uncertain World

Software engineer Sai Bhargav Yalamanchi notes that mathematical tools helping practitioners interpret uncertainty have ...
Nature

Markov Chain Monte Carlo Methods

Markov Chain Monte Carlo (MCMC) methods have become indispensable in contemporary statistical science, enabling researchers to approximate complex probability distributions that are otherwise ...