Dynamic programming and the recursive principle Flashcards Preview

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Flashcards in Dynamic programming and the recursive principle Deck (13)
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1
Q

Assumption 1

A
2
Q

The principle of optimality

A
3
Q

Principle of Optimality II

A

This describes sufficient (but not necessary) conditions for a solution.

4
Q

Assumption finite returns

A
5
Q

Corollary

A

Principle of optimality with finite returns

6
Q

Contraction mapping

A
7
Q

Contraction mapping theorem

A
8
Q

Assumption 2

A
9
Q

Results on the Bellman equation

A
10
Q

Theorem Bellman Equation

A
11
Q

Properties of the value function

A
12
Q

Euler and transversality

A
13
Q

Assumption 3

A