3 resultados para SUBJUEGOS
Resumo:
This paper derives the HJB (Hamilton-Jacobi-Bellman) equation for sophisticated agents in a finite horizon dynamic optimization problem with non-constant discounting in a continuous setting, by using a dynamic programming approach. A simple example is used in order to illustrate the applicability of this HJB equation, by suggesting a method for constructing the subgame perfect equilibrium solution to the problem.Conditions for the observational equivalence with an associated problem with constantdiscounting are analyzed. Special attention is paid to the case of free terminal time. Strotz¿s model (an eating cake problem of a nonrenewable resource with non-constant discounting) is revisited.
Resumo:
This paper derives the HJB (Hamilton-Jacobi-Bellman) equation for sophisticated agents in a finite horizon dynamic optimization problem with non-constant discounting in a continuous setting, by using a dynamic programming approach. A simple example is used in order to illustrate the applicability of this HJB equation, by suggesting a method for constructing the subgame perfect equilibrium solution to the problem.Conditions for the observational equivalence with an associated problem with constantdiscounting are analyzed. Special attention is paid to the case of free terminal time. Strotz¿s model (an eating cake problem of a nonrenewable resource with non-constant discounting) is revisited.
Resumo:
El objetivo de este documento es introducir a los estudiantes en la teoría de juegos; para ello se desarrollan a lo largo del texto los principales conceptos de la teoría, así como su aplicación práctica. En la primera parte se analizan las condiciones que debe seguir un juego así como su representación en forma extensiva o estratégica. En la segunda parte se estudia uno de los métodos que existe para dar solución a un juego, a saber, la eliminación iterada de estrategias dominadas. Este documento esta dirigido principalmente a estudiantes de pregrado de economía, pero por la sencillez del lenguaje, puede ser de utilidad para cualquier estudiante o profesional interesado en la teoría de juegos.