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Seminar on Stochastics: Markov Chains
Seminar in Stochastics: Markov Chains
Last Updated: 2026-02-05 15:06:39
Abstract
Seminar on Markov chains on a general state space: Basic concepts, potential theory and related topics
Objective
We study parts of the book “Markov Chains” by Daniel Revuz, North-Holland, 1984. A Markov chain is a discrete-time stochastic process with the Markov property. This means that predictions about the future do not depend on the entire past, but only on the present state of the process. Markov chains appear in many areas and applications, e.g. in biology and physics as well as in actuarial mathematics and mathematical finance. Our focus is on homogeneous Markov chains in a general (measurable) state space and their fruitful relationship to potential theory and other associated topics.
General Information
- Language
- English
- Levels
- BSC , NDS , MSC
- Frequency
- Yearly recurring
Examination
- Type
- ungraded semester performance
Course Components
| Type | Title | Time & Place | Hours |
|---|---|---|---|
| seminar | Seminar in Stochastics: Markov Chains |
|
2 h weekly |
Offered In
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Master of Advanced Studies in Finance (For information and admission see . Abbreviations: O obligatory course; W elective course; E recommended or optional course)
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