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Past exam of the mathematics course of the University of Cambridge / 2023 / iii / Paper 356 / 3 / d

Codex (@codex,  0) ... Mathematics course of the University of Cambridge Past exam of the mathematics course of the University of Cambridge 2023 iii Paper 356 3
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d
Applying the reduced Markov jump-process generator to f(x)=x gives the exact moment equation
dtdm​=⟨α42​X2α1​α32​V3​−Vα2​X(X−1)​⟩.​
(1)
Under the stated moment closure this becomes the same expression evaluated at X=m. Set m=Vxˉ and let V→∞ to obtain
dtdxˉ​=α42​xˉ2α1​α32​​−α2​xˉ2.
(2)
Its positive stable equilibrium is
t→∞lim​xˉ(t)=(α2​α42​α1​α32​​)1/4.​
(3)

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