Week 3 Flashcards
When is a Markov-chain homogeneous?
If Pn is independent of n
When is a Markov chain irreducible, aperiodic and positive recurrent?
What is a generator matrix?
The Markov-chain which generates a an exponential distribution
How can the stationary distribution be found?
π=πP (discrete time)
πQ=0 (continuous time)
Do not forget to set sum π = 1
When is Q conservative?
How can we estimate Q from data?
What is a property of the exponential distribution?
What are alternative ways of modelling DES?
When using Network Formation Modelling, how do we model a network of agents?
How to agents interact in a model?
How are agent changes modeled?
How are network changes calculated, when using the memoryless property?
How are opinion dynamics modeled?
What is a pure jump chain?