But it is one that you need to already have been educated about. The author seems to be assuming that all their readers have CS degrees or have read a certain narrow slice of technical content elsewhere. It's bad writing for a generalist platform like Medium.
How so? The Markov chain reference is only used in a reformulation of the same statement already said in layman terms.
CS degree? I was completely sure Markov chains were high school material
Anecdotally, they were at my high school in the US.
I'd be shocked if more than 5% (and even that's a stretch) of fresh high school graduates in the US knew what a Markov chain is.
So? General population is an abysmally low benchmark in any country. People from 5% of top high schools sounds about right for an article like this.
Markov Chain is a pretty elementary concept. Anyone interested in having a serious discussion of economics should at least have a passing familiarity with it.
Good to know. I'm only familiar with it in a computing context.