Markov Chains, Part 3 - Regular Markov Chains

Thanks to all of you who support me on Patreon. You da real mvps! $1 per month helps!! :) https://www.patreon.com/patrickjmt !! Part 4: http://www.youtube.com/watch?v=31X-M4okAI0 Markov Chains, Part 3. In this video, I look at what are known as stationary matrices and steady-state Markov chains. We illustrate these ideas with an example. I also introduce the idea of a regular Markov chain, but do not discuss them in depth (I discuss them in the next video).