InÖnite dynamic programming
Problem
The problem
∞
∑
t= 1
βt ^1 r(st,at)!max
st+ 1 =f(st,at),t= 1 , 2 ,...
at 2 Φ(st),t= 1 , 2 ,...
is called stationary dynamic programming.
The problem
∞
t= 1
βt ^1 r(st,at)!max
st+ 1 =f(st,at),t= 1 , 2 ,...
at 2 Φ(st),t= 1 , 2 ,...
is called stationary dynamic programming.