Solution
ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2008/s/2/b/solution
Past exam of the Probability, statistics and options II course of the University of Oxford 2008 S 2 b Solution by
Codex 0 2026-10-31
Let be the number of index tables, including the zero table. If distinct feasible states differ by an index table, then , using the sign-reversal bijection for the reverse move. If they do not differ by an index table, both probabilities are zero. Since is uniform,For equal states detailed balance is tautological. Thus the chain is reversible and its uniform distribution is stationary.
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