Complex Probability and Markov Stochastic Process

Authors

  • Bijan Bidabad Professor, Economics and Chief Islamic Banking Advisior, Bank Melli, Iran
  • Behrouz Bidabad Faculty of Mathematics, Polytechnics University, Hafez Ave., Tehran, 15914, Iran

DOI:

https://doi.org/10.46281/ijfb.v3i1.290

Keywords:

Prbability, Markov Process, Stochastic Process, Population Census

Abstract

This note discusses the existence of "complex probability" in the real world sensible problems. By defining a measure more general than the conventional definition of probability, the transition probability matrix of discrete Markov chain is broken to the periods shorter than a complete step of the transition. In this regard, the complex probability is implied.

References

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Published

2019-06-04

Issue

Section

Research Paper/Theoretical Paper/Review Paper/Short Communication Paper

How to Cite

Complex Probability and Markov Stochastic Process. (2019). Indian Journal of Finance and Banking, 3(1), 13-22. https://doi.org/10.46281/ijfb.v3i1.290