Video - What is a Markov Chain?

What motivated the concept of Markov chains & Markov models? Featuring Plato's theory of forms, Jacob Bernoulli's weak law of large numbers and Central Limit Theorem. This leads to to Andrey Markov's idea that dependent random events also converge on average distributions.

TRANSCRIPT

Written by Melvin Draupnir on June 26, 2013.