Download or read book Probability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and Their Applications written by Yu. M. Suhov and published by Cambridge University Press. This book was released on 2008-04-24 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject is critical in many modern applications such as mathematical finance, quantitative management, insurance and actuarial studies.