Mathematics for Economists
greg delong
(Greg DeLong)
2019-08-06 00:52:35 UTC
#1
Optimal stopping
αT = 0.
αt = E(max(αt+ 1 ,ξt))=
Zαt+ 1
0
αt+ 1 dF(x)+
Z∞
αt+ 1
xdF(x)=
= αt+ 1 F(αt+ 1 )+
Z∞
αt+ 1
xdF(x).
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