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Mathematics

Markov Chains and Their Steady-State Distributions

Quick fact

Google's original PageRank algorithm treats web surfing as a Markov chain, where the steady-state probability of being on a page determines that page's importance ranking.

Why this is interesting

Have you ever wondered how a random process like the weather or a stock price can settle into a predictable pattern over time? Markov chains explain how systems with no memory still reach a stable long-run behavior.