Quote of the day: "I heard them say that the meek shall reign on earth. Phantasmal myriads of sane bucolic birth. I've seen the rapture in a starving baby's eyes. Inchoate beatitude, the Lord of the Flies." - 1000 More Fools
A stochastic process with the Markov property (memorylessness), is one for which conditional on the present state of the system, its future and past are independent. Named after Andrey Markov.