Mastering Markov Chains for Quant Interviews

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Markov chains are an extremely powerful tool enabling us to solve a variety of interesting probability questions. Stay tuned for Part 2 where we will continue answering these interesting questions using Markov chains.

Analytical/Simulation Probability Code:

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cant wait for pt 2, great video quant guild!

austinvstheworldd
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thanks for the vid! It was very fun to work through a concrete problem. I find these examples to be the easiest way to build my intuition.

cydajock
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Gread vid, so clearly articulated. Thanks mate, keep it up !

koderider
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In the first problem, H3 should be absorbing state right? Why did it transit to H0?

lolxd