markov-chain

Markov chain models for stochastic processes and expected values

Programming Markov Chain Expected Payoff: Exact DP Solution

Compute the exact expected total payoff at stopping time using finite-state Markov chain and dynamic programming. Includes minimal state space, recurrence equations, backward substitution, and Python code for precise fraction.

#markov-chain
#dynamic-programming
#probability
#algorithms

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01/09/2026, 10:05 AM