This document discusses Markov chains and their application to page ranking by Google. It defines a Markov chain as a stochastic process where the next state depends only on the current state. PageRank is presented as an algorithm that ranks websites based on the quality and number of links to a page, with the assumption that more important pages receive more links. The PageRank of a page is defined using a Markov chain model over all web pages, where the transition probability depends on the number of links from one page to another.