Annotations of two examples about Markov process

Tang, Rong (2013) Annotations of two examples about Markov process. Journal of Mathematical Sciences: Advances and Applications, 21. pp. 17-38. ISSN 0974-5750

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Abstract

In this paper, we discuss an incorrect example that a Markov process does not satisfy strong Markov property, and analyzes the reason of mistake. In the end, we point out it is not reasonable to define strong Markov property by using transition probability functions since transition probability functions might not be one and only.

Item Type: Article
Keywords: Markov property, strong Markov property, stopping time, homogeneity, Brown motion
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Depositing User: Tang You
Date Deposited: 09 Jul 2008
Last Modified: 07 Mar 2017 06:39
URI: http://sro.sussex.ac.uk/id/eprint/1754
Google Scholar:32 Citations

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