Financial Product Differentiation over the State Space in the Mutual Fund Industry.
Shujing LiJiaping QiuPublished in: Manag. Sci. (2014)
Keyphrases
- state space
- financial services
- product development
- reinforcement learning
- heuristic search
- market share
- competitive market
- financial institutions
- portfolio selection
- dynamical systems
- stock market
- state variables
- portfolio optimization
- product quality
- consumer products
- product design
- life cycle
- optimal policy
- markov decision processes
- product information
- markov chain
- software vendors
- production planning
- neural network
- financial markets
- particle filter
- dynamic programming
- search space
- case study
- reward function
- investment strategies
- goal state
- initial state
- data mining