Markov chains are mathematical models that describe systems that transition from one state to another in a memoryless manner, meaning the next state depends only on the current state and not on the previous states. Here are some common examples of Markov chains in various fields: 1. **Game of Monopoly**: The positions of players on a Monopoly board can be modeled as a Markov chain, where each space on the board represents a state.
Articles by others on the same topic
There are currently no matching articles.