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Limitations of discrete-time approaches to continuous-time contagion dynamics

Limitations of discrete-time approaches to continuous-time contagion dynamics

Continuous-time Markov process models of contagions are widely studied, not least because of their utility in predicting the evolution of real-world contagions and in formulating control measures. It is often the case, however, that discrete-time approaches are employed to analyze such models or to simulate them numerically. In such cases, …