Optimal consumption and savings with stochastic income and recursive utility.

Chong Wang Neng Wang Jinqiang Yang

Published in: J. Econ. Theory (2016)

Keyphrases

optimal solution
monte carlo
utility function
computational complexity
optimal design
locally optimal
stochastic dynamic programming
data structure
dynamic programming
scheduling problem
worst case
sufficient conditions
neural network
closed form
optimal strategy
asymptotically optimal
finite horizon