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We did both discrete and continuous Bellmans in my program.
I think you explained it well but I also have studied these as though my life depended on it.
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We did both discrete and continuous Bellmans in my program.
I think you explained it well but I also have studied these as though my life depended on it.
Hopefully you could follow the math?
I remember learning discrete time Bellman equations in my phd classes, but not continuous time ones. I think I had to look those up later, despite a lot of important applications, like bitcoin mining.