Optimal consumption under uncertainty, liquidity constraints, and bounded rationality

DOI10.1016/j.jedc.2013.12.007zbMath1402.90204OpenAlexW3123424848WikidataQ60138120 ScholiaQ60138120MaRDI QIDQ1994382

Ömer Özak

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.12.007

zbMATH Keywords

dynamic programmingbehavioral economicsbounded rationalitysaving behaviorconsumption functionadaptive learning models

Mathematics Subject Classification ID

Markov and semi-Markov decision processes (90C40) Consumer behavior, demand theory (91B42)

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Aspiration adaptation theory
• Learning through reinforcement and replicator dynamics
• Adaptive consumption behavior
• Measure-valued differentiation for Markov chains
• INDIVIDUAL LEARNING ABOUT CONSUMPTION
• The Granular Origins of Aggregate Fluctuations
• On the Convergence of Policy Iteration in Stationary Dynamic Programming
• Convergence Properties of Policy Iteration

This page was built for publication: Optimal consumption under uncertainty, liquidity constraints, and bounded rationality