What are some modern books on Markov Chains with plenty of good exercises?

manpreet Best Answer 2 years ago

I would like to know what books people currently like in Markov Chains (with syllabus comprising discrete MC, stationary distributions, etc.), that contain many good exercises. Some such book on Stochastic Processes will also suffice.

I have recently come to notice that there are some new books (read: "non-classics") that are well written and have a large collection of really good exercises in Probability, for example, Gut's "Probability: A Graduate Course". I have found it to be absolutely remarkable for Analytic Probability. I have found that a large number of professors seem to like it very much, and why wouldn't they?

As a student, I should be exposed to good books that have a very good selection of problems. I know the classics like Hoel-Port-Stone, Ross, Norris. What are some new books that have blown you away?

Thing is, if we do not come in contact with newer authors and their books, we would be missing out a lot on how modern a subject has become, and how it can be presented. Potentially, some good authors are also good researchers, opening doors for further research under their guidance, probably.

You may also refer to very good collection of online notes/exercises by some professor in some university, if needed.