Dynamic programming with recursive preferences
There is now a considerable amount of research on the deficiencies of additively separable preferences for effective modelling of economically meaningful behaviour. Through analysis of observational data and the design of suitable experiments, economists have constructed progressively more realistic representations of agents and their choices. For intertemporal decisions, this typically involves a departure from the additively separable benchmark. A familiar example is the recursive preference...[Show more]
|Collections||Open Access Theses|
|Revised PhD Thesis_Guanlong Ren.pdf||Thesis Material||878.51 kB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.