A Stochastic Richardson's Arms Race Model: American Journal of Mathematical and Management Sciences: Vol 21, No 3-4

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SYNOPTIC ABSTRACT

A stochastic version of the Richardson's arms race model is considered through the method of birth-death processes. The expected value of the model is obtained and shown to be analogous to the original deterministic arms race model.

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A Stochastic Richardson's Arms Race Model

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A Stochastic Richardson's Arms Race Model

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