Equilibrium Process and Detailed Balance Condition
Masato Hisakado
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Masato Hisakado: Nomura Hodings, Inc.
Chapter Chapter 6 in Urn Models and Their Applications in Finance, 2025, pp 89-105 from Springer
Abstract:
Abstract We continue to discuss the voting model with two candidates. In this chapter, we consider the case where a voter can see the latest r previous votes. This process is an equilibrium process because of the detailed balance condition.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-3825-3_6
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DOI: 10.1007/978-981-96-3825-3_6
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