Equilibrium Probabilities

Discussion in 'CT4' started by lalala, Sep 13, 2008.

  1. lalala

    lalala Member

    Hi there,
    I'm looking at series Y assignments Y1 Q5 part iii) it asks for the long term behaviour. I guess they aren't looking for the stationary probabilities, because when i try to get them i get a different answer.
    Does anyone know how they get the answers for these?
    I'm probably doing something stupid in my calcs, so if you have any pointer I'd be grateful
    Cheers,
    Lala
     

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