Hi and thank you for this package!
How can I use this package to solve a very routine dynamic programming problem economists usually solve with value function iteration?
Here is the problem (which happens to have a simple closed form solution, so we can check)
Using optimization terminology:
state variable: k
action variable: c
reward function: log(c)
Hi and thank you for this package!
How can I use this package to solve a very routine dynamic programming problem economists usually solve with value function iteration?
Here is the problem (which happens to have a simple closed form solution, so we can check)
Using optimization terminology:
state variable: k
action variable: c
reward function: log(c)