Article ID Journal Published Year Pages File Type
6418436 Journal of Mathematical Analysis and Applications 2014 11 Pages PDF
Abstract

In this paper we study a Markov decision model with quasi-hyperbolic discounting and transition probability function depending on an unknown parameter. Assuming that the set of parameters is finite, the sets of states and actions are Borel and the transition probabilities satisfy some additivity conditions and are atomless, we prove the existence of a non-randomised robust Markov perfect equilibrium.

Related Topics
Physical Sciences and Engineering Mathematics Analysis
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