Uploaded December 2019 | Updated September 2026, 1 week ago

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In this video I solve a cake eating problem over a finite horizon using the bellman equation. In particular i demonstrate the non-existence of time invariant policy functions over such a finite horizon.

Read more about this problem and its solution here:
economics.stackexchange.com/questions/33386/do-policy-functions-exist-for-finite-horizon-dynamic-programming-problems