I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple ...

We consider a system with a finite number of states, 1, 2, ⋯, S. Periodically we observe the current state of the system and perform an action, a, from a finite set A of possible actions. As a joint ...

We compare dependence in stochastically monotone Markov processes with partially ordered Polish state spaces using the concordance and supermodular orders. We show necessary and sufficient conditions ...