Andrei Markov

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Noun1.Andrei Markov - Russian mathematician (1856-1922)
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In probability theory and related fields, a Markov process (named after the Russian mathematician Andrey Markov), is a stochastic process that satisfies the "memorylessness" property, meaning that one can make predictions for the future of the process based solely on its present state, independently from its history.
Dentcheva's latest efforts entail the application of risk aversion in problems involving controlled Markov chains, which are a type of stochastic process named after Andrey Markov, the Russian mathematician who first investigated them.