Stochastic SIS Epidemic: Extinction & Quasi-Stationary Distribution
The stochastic SIS model has infection rate β and recovery rate γ. Below the threshold R₀=β/γ=1, extinction is fast. Above it, the system lingers near the endemic equilibrium I*=N(1-1/R₀), eventually going extinct — the quasi-stationary distribution (QSD) captures this metastable state. Mean extinction time grows exponentially with N.