Economic Applications of Continuous Time Dynamic Programming (2/3): The Cake Goes Bad @EconJohnTutor
Economic Applications of Continuous Time Dynamic Programming (2/3): The Cake Goes Bad @EconJohnTutor
Uploaded April 2021 | Updated September 2026, 3 weeks ago
In this video we work through another continuous time cake eating problem, but this time we incorporate a depreciation factor to our cake size. We learn that this does not impact how our policy functions look like in regards to consumption.
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Economic Applications of Continuous Time Dynamic Programming (2/3): The Cake Goes Bad

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