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searching for Memorylessness 3 found (13 total)

Continuous-time Markov chain (4,018 words) [view diff] exact match in snippet view article find links to article

only on its current state and not on its past behavior, due to the memorylessness of the exponential distribution and of discrete-time Markov chains.

Markov perfect equilibrium (1,217 words) [view diff] exact match in snippet view article find links to article

the following criteria: The strategies have the Markov property of memorylessness, meaning that each player's mixed strategy can be conditioned only on

Renewal theory (2,076 words) [view diff] exact match in snippet view article find links to article

distribution is the unique continuous random variable with the property of memorylessness. Let W1,W2,…{\displaystyle W_{1},W_{2},\ldots } be a sequence of IID