Review of Applications of Urn Models, with Special Emphasis on Polya-Eggenberger Urn Models
Kanwar Sen, Sonali Bhattacharya · SSRN Electronic Journal · 2010
This paper attempts to review the urn model and its applications in various fields of engineering, science, social science, mathematics and finance. Some of the models and applications mentioned in this paper are recent and did not find mention in Feller (1968), Kotz and Balakrishnan (1997), and Balakrishnan and Koutras (2002). This paper would provide researchers in various fields with new ideas of modeling problems using the urn model.