This is question 3 of the Marcov chain chapter of Introduction to Probability models by Ross (12th edition).
There are k players, with player i having value $v_i > 0, i=1,...,k$. In every period, two of the players play a game, while the other k−2 wait in an ordered line. The loser of a game joins the end of the line, and the winner then plays a new game against the player who is first in line. Whenever i and j play, i wins with probability $\frac{v_i}{v_i + v_j}$.
(a) Define a Markov chain that is useful in analyzing this model.
(b) How many states does the Markov chain have?
(c) Give the transition probabilities of the chain.
I'm having a hard time figuring it out how to make a Markov chain out of this problem. Like, should we assume who plays against who first? Also, how does this game end? Any hint how to start this problem would be really appreciated.
Thanks.