A Markov Chain Simulation

A simulation of a Markov Chain with a reflecting boundary which resets to an initial value when the boundary is reached. For a explanation with context, theory, explanation, and problems to work see http://www.math.unl.edu/~sdunbar1/MathematicalFinance/Lessons/FirstStepAnalysis/CashManagement/cashmanagement.xml

 

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Material Type
Activity
Tags
random  walk  markov  chain  coin 
Target Group (Age)
19+
Language
English (United States)
 
 
GeoGebra version
4.2
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