Martingales and Markov Chains: Solved Exercises and Elements of Theory

A thorough grounding in Markov chains and martingales is essential in dealing with many problems in applied probability, and is a gateway to the more complex situations encountered in the study of stochastic processes. Exercises are a fundamental and valuable training tool that deepen students' understanding of theoretical principles and prepare them to tackle real problems.

In addition to a quick but thorough exposition of the theory, Martingales and Markov Chains: Solved Exercises and Elem...