73. There are k players, with player i having valueI mage,I mage. In every period, two of...
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73. There are k players, with player i having valueI mage,I mage. In every period, two of the players play a game. Whoever wins then plays the next game against a randomly chosen one of the other players (including the one who has just lost). Suppose that whenever i and j play, i wins with probability . Let denote the winner of game n.
(a) Give the transition probabilities of the Markov chain Image.
(b) Give the stationarity equations that are uniquely satisfied by the .
(c) Give the time reversibility equations.
(d) Find the proportion of all games that are won by j, Image.
(e) Find the proportion of games that involve player j as one of the contestants.
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