I read this term in: http://www.proba.jussieu.fr/pageperso/amaury/index_fichiers/Guanajuato.pdf
What is a honest Markov process?
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$\begingroup$
probability-theory
stochastic-processes
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1I'm having trouble understanding this. Is there a formal definition? – 2012-04-24
1 Answers
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A Markov process $(X_t)_{t\geqslant0}$ with values in $[0,+\infty]$ is honest if $\mathrm P_x(X(t)=+\infty)=0$ for every time $t$ and every starting point $x$.