Sequential decision-making under uncertainty is a foundational topic in multiple fields - including economics, operations research, and computer science, built around the foundation of Markov decision ...

This is a preview. Log in through your library . Abstract This paper describes a dynamic programming model that has been developed to determine an optimal expansion plan for the generating capacity of ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

This is a preview. Log in through your library . Abstract The behaviour of a small male passerine bird over a typical winter day is studied by a dynamic programming model. The bird can be either ...