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
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