• Title of article

    Solving stochastic optimization models wit

  • Author/Authors

    Hans M. Amman، نويسنده , , David A. Kendrick، نويسنده , , Sudhakar Achath، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1995
  • Pages
    5
  • From page
    9
  • To page
    13
  • Abstract
    In this paper we present a general single-agent stochastic dynamic optimization model that is capable of dealing with learning and with rational expectations. We obtain the solution by solving at every time step the rational expectations model and then applying existing optimization schemes to derive the optimal solution.
  • Keywords
    Learning , Forward variables , Stochastic control , Rational expectations
  • Journal title
    Economics Letters
  • Serial Year
    1995
  • Journal title
    Economics Letters
  • Record number

    433890