Markov Chains with Asymptotically Zero Drift
lamperti's problem
$269.96
- Hardcover
428 pages
- Release Date
8 May 2025
Summary
Drifting Towards Zero: Exploring Markov Chains and Their Applications
This text delves into the fascinating world of Markov chains characterized by asymptotically zero drift, a subject often referred to as ‘Lamperti’s problem.’ As a specialized area within random walks, these chains provide powerful tools for analyzing stochastic models such as branching processes and queueing systems.
Leveraging techniques like Doob’s h-transform, the authors present innovative results and …
Book Details
| ISBN-13: | 9781009554220 |
|---|---|
| ISBN-10: | 1009554220 |
| Series: | New Mathematical Monographs |
| Author: | Denis Denisov, Dmitry Korshunov, Vitali Wachtel |
| Publisher: | Cambridge University Press |
| Imprint: | Cambridge University Press |
| Format: | Hardcover |
| Number of Pages: | 428 |
| Release Date: | 8 May 2025 |
| Weight: | 0g |
About The Author
Denis Denisov
Denis Denisov is Reader in Probability in the Department of Mathematics at the University of Manchester. His research interests include multidimensional random walks, ordered and conditioned random walks, Markov chains and diffusion processes.
Dmitry Korshunov is Professor in the School of Mathematical Sciences at Lancaster University. He is an expert in stochastic processes, Markov chains, large deviation theorems, heavy tail phenomena, and limit theorems. He previously co-authored An Introduction to Heavy-Tailed and Subexponential Distributions (2011, 2013).
Vitali Wachtel is Professor for Mathematics at the University of Bielefeld. His research interests include, besides Markov chains, exit times and conditional distributions for multidimensional random walks, branching processes and large deviations.
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