5. Dynamic models
Let's now consider a situation in which the decision-maker has to choose an action a whose consequences are uncertain and spread over time. To model this situation, we introduce Ω the space of states of the world and
the space of possible dates. Typically,
can be finite with
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Ongoing reading
Dynamic models
Bibliography
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(1) - AINSLIE (G.) -
Impulse control in pigeons.
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Journal of the Experimental Analysis of Behavior, 21, 485-489 (1974).
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(2) - BERNOULLI (D.) -
Specimen theoriae novae de mensura sortis.
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Papers...
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