Show that the chain in Example 2.2-1 is not ergodic. Example 2.2-1 Consider a medical insurance model
Question:
Show that the chain in Example 2.2-1 is not ergodic.
Example 2.2-1
Consider a medical insurance model with four states for an insured: healthy, sick, ceased paying, deceased. Suppose that for a particular group of customers, the matrix
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Let us look at transition matrix 221 The last two states are absorbing and as is shown in Example 22...View the full answer
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