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In this Demonstration you can explore the equilibria of Markov chains. Select the number of states and check the entries of the transition matrix you want to be nonzero. This generates a transition matrix in which all the checked elements in a row have equal probabilities. The result shows the transition matrix, its graph, and its power.
Contributed by: Phillip Bonacich (March 2011)
Open content licensed under CC BY-NC-SA
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http://demonstrations.wolfram.com/NStepTransitionMatricesForMarkovChains/
Wolfram Demonstrations Project
Published: March 7 2011