𝔖 Bobbio Scriptorium
✦   LIBER   ✦

THE PROBLEM OF ‘SMALL’ SAVINGS

✍ Scribed by M. KALECKI.


Book ID
115230832
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
69 KB
Volume
5
Category
Article
ISSN
0140-5543

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📜 SIMILAR VOLUMES


An analytical approximate solution to th
✍ Gabriel Talmain 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 120 KB

This paper considers the problem of precautionary savings for an expected utility specification with finite horizon. The exact solution is known for only a few cases. Numerical methods have limited applications because of Bellman's 'curse of dimensionality'. This paper derives a simple analytical ap