Hey everyone,
I want to know about how DP is applied in different economic models, when it comes to decision making over time, like in optimal growth or investment problems.
I am looking for a deeper understanding & some practical insights from those who have used DP in their work or studies. How does it help in modeling long term decisions & what are some common challenges or pitfalls to watch out for?
Also i have check this resorse and article https://discourse.quantecon.org/t/dynamic-programming-in-quantecon-jlmsbi If anyone have any idea please share with me.
Thank you…