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Polya Process - Other...

630 runs

Added by AnyLogic

Application area: Mathematics

Simulation method: System Dynamics

Polya Process

The classic Polya urn model in which the probability of adding a stone of a given color to a bag of stones equals the proportion of stones of that color already in the bag.  Illustrates path dependence.  See section 10.2.
This AnyLogic model is based on materials from the book "Business Dynamics: Systems Thinking and Modeling for a Complex World" by John Sterman, (c) 2000 McGraw Hill.

The model was created with AnyLogic - simulation software / Mathematics

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