20.3: Another Markov Model Example
- Page ID
- 68026
A sports broadcaster wishes to predict how many Michigan residents prefer University of Michigan teams and how many prefer Michigan State teams. She noticed that, year after year, most people stick with their preferred team; however, about 5% of Michigan fans switch to Michigan State, and about 3% of Michigan State fans switch to Michigan each year. However, there is no noticeable difference in the state’s population of 10 million’s preference at large; in other words, it seems Michigan sports fans have reached a stationary distribution. What might that be?
This problem is from Brilliant.org.
Try to draw a Markov chain for the above system of equations. Discuss your diagram with your classmate.
Write a system of linear equations that represents how the populations change each year. Check your equations by writing the matrix P
for the probability transitions matrix in your equations. Make sure your first row/column represents MSU and the second row/column represents UofM.
Calculate the eigenvalues and eigenvectors of your \(P\) transition matrix.
Assuming each team starts with 500,000 fans, what is the steady state of this model? (i.e. in the long term how many Spartan and Wolverine fans will there be?).