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Unformatted text preview: 4. Problem 4.9 in course notes. 5. Problem 4.13 in course notes. 6. Problem 4.33 in course notes. 7. Problem 4.37 in course notes. 8. Write a simulation of Problem 4.37. Start in any of the three states, and simulate, say, 10 4 time steps. Please include the code and print both the predicted equilibrium probabilities from Problem 4.37 and empirical values. If your simulation code is fast, feel free to simulate more time steps (I used 10 6 ) and see how the empirical values converge to the prediction. 1...
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- Fall '08