Lecture

Applied Probability and Stochastic Processes: Tutorial 02

In course

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Description

This lecture covers the main concepts of communicating classes, hitting time, hitting probabilities, birth and death chains, and the Gambler's Ruin Model. It explains how to find communicating classes, calculate hitting times and probabilities, and analyze different models. Examples and exercises are provided to illustrate the theoretical concepts.

Official source

https://mediaspace.epfl.ch/media/0_ytn1b0vk

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