You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Currently, Lagrangians are required to be written as Bellman equations of the form:
U[] = u[] + beta * E[][U[1]];
The right-hand side can only include a discount factor and a single expectation, which must be of the left-hand side. Trying to include other variables, for example a stochastic discount factor Q[] = beta * E[][lambda[1]] / lambda[], will raise an exception. I forget why I did it this way, but this needs to be revisited.
The text was updated successfully, but these errors were encountered:
Currently, Lagrangians are required to be written as Bellman equations of the form:
The right-hand side can only include a discount factor and a single expectation, which must be of the left-hand side. Trying to include other variables, for example a stochastic discount factor
Q[] = beta * E[][lambda[1]] / lambda[]
, will raise an exception. I forget why I did it this way, but this needs to be revisited.The text was updated successfully, but these errors were encountered: