Complex Probability and Markov Stochastic Process

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

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Published
2019-06-04
How to Cite
Bidabad, B., & Bidabad, B. (2019). Complex Probability and Markov Stochastic Process. Indian Journal of Finance and Banking, 3(1), 13-22. Retrieved from https://www.cribfb.com/journal/index.php/ijfb/article/view/290
Section
Articles