Explain why it takes considerably long to reach the level 1 starting from the neighbor level 0.
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Explain why it takes considerably long to reach the level 1 starting from the neighbor level 0. Show that E{τa} > a if p < 1, not appealing to formula (2.2.5). What will happen if p is getting close to 1/2?
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Starting from zero with a positive probability the random walk may move down and ...View the full answer
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