Delays in Gambler's Ruin and Random Relays ⁎. Issue 14 (2018) - Ohira, Toru
Abstract: We present here two examples of effects of delays on stochastic systems. The first model is an inclusion of delay in a classical problem of gambler's ruin, modeled by a random walk. The second model introduces delays in a lined collection of random walks which pass a baton from one end to the other. The effects of delays as well as possible applications of these models are discussed