Showing 1 - 2 of 2
Discrete time dynamic programming to solve dynamic portfolio choice models has three immanent issues: Firstly, the curse of dimensionality prohibits more than a handful of continuous states. Secondly, in higher dimensions, even regular sparse grid discretizations need too many grid points for...
Persistent link: https://www.econbiz.de/10012849142
Persistent link: https://www.econbiz.de/10013168972