Solution

ID: past-exam-of-the-mathematics-course-of-the-university-of-cambridge/2010/ii/paper-1/27i/b/solution

For an irreducible, nonexplosive, positive recurrent continuous-time Markov chain on a countable state space, there is a unique equilibrium distribution and
In particular every finite irreducible chain has this convergence. Continuous time removes the discrete-time periodicity obstruction. Reducible finite chains instead converge according to absorption probabilities into their closed classes.

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