“This textbook provides an elementary introduction to the classical theory of discrete and continuous time Markov chains motivated by gambling problems and covers a variety of primers on different topics … . this text may serve very well for a first undergraduate course on Markov chains for applied mathematicians, but also for students of financial engineering. It is completed by almost a hundred pages of solutions of exercises.” (Michael Högele, zbMATH 1305.60003, 2015)

“The book provides an introduction to discrete and continuous-time Markov chains and their applications. … The explanation is detailed and clear. Often the reader is guided through the less trivial concepts by means of appropriate examples and additional comments, including diagrams and graphs. Also, a big plus is the presence of numerous well-chosen exercises at the end of each chapter, which are discussed in a separate ‘Solutions to the Exercises’ part at the end of the book.” (Michele Zito, Mathematical Reviews, December, 2014)