News for hackers. Stuff that matters.
Re:Ask HN: Best place to start learning about Markov Chains? by usgroup on Thursday April 11, 2019 @11:55AM (#19635923)
Sure, and for any given application it’ll be possible to explain Markov chains as they apply to it. I recently did a financial valuation course where we did an “intuitive derivation of Itos formula” so that we could skip the measure theory prerequisites. We also skipped talking about Reimann integrals and just accepted that sums are integrals at a limit ... we also glossed the separating hyperplane theorem so that we could say “no arb iff risk neutral measure exists”, and so on.

However, if you actually want a background in the theory of Markov chains, I don’t think this approach works.

There are no comments on this comment yet.