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Use StochDynamicProgramming.jl to solve a simple routine economics problem. #178

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azev77 opened this issue Nov 4, 2020 · 0 comments

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@azev77
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azev77 commented Nov 4, 2020

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)
image

Using optimization terminology:
state variable: k
action variable: c
reward function: log(c)

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