I have a simple state transition diagram that I'd like to render in latex ideally using regular mathmode markup. The arrows show the probability of going between states.

\underbrace{\boxed{A}}_{1/4}
\;\mathrel{\mathop{\rightleftarrows}^{3/4}_{1/4}}\;
\underbrace{\boxed{B}}_{1/2}
\;\mathrel{\mathop{\rightarrow}^{1/4}}\;
\underbrace{\boxed{C}}_{1}
The left-to-right arrows are fine, but I'd like curly arrows rather than the underbraces to show the probability of remaining in the state. So there is a 1/4 probability of being in A and staying in A, a 1/2 probability of being in B and staying in B and so on. And I'd like to show this with an arrow below (or above) the state. Is this possible?
Edit: here's my schematic.
however Werner has done a much nicer mock-up in his comment.

I'd prefer something like this but would be happy to settle for something cruder!






