Titlebook: Optimization and Chaos; Mukul Majumdar,Tapan Mitra,Kazuo Nishimura Book 2000 Springer-Verlag Berlin Heidelberg 2000 Chaos.Chaostheorie.Dyn

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On the Relationship between Discounting and Entropy of Dynamic Optimization Models,lity function defined on this set, and 0 < δ < 1 is a discount factor, the relation between the magnitude of the discount factor and the extent of complicated behavior generated by the corresponding (optimal) policy function has been a topic of extensive study.