Long-term fraction of time chain spends in each of states

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Reference no: EM13136066

Markov Chain with transition matrix:

[ 1/phi 1-1/phi 0 0
0 1-1/phi phi 0
0 0 0 1
0 0 0.5 0.5]

where phi = golden ratio

What is the long-term fraction of time the chain spends in each of the states?

Answer must be gotten without a calculator.

Reference no: EM13136066

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