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UID:20260912T191212EDT-2048Nd2ig1@132.216.98.100
DTSTAMP:20260912T231212Z
DESCRIPTION:Dynamic Games and Applications Seminar\n\nSpeaker: Anna Jaśkiew
 icz – Wrocław University of Science and Technology\, Poland\n\nWebinar lin
 k\n	Webinar ID: 962 7774 9870\n	Passcode: 285404\n\nThe Markov decision proc
 esses under quasi-hyperbolic discounting are studied. This type of discoun
 ting nicely models human behaviour\, which is time-inconsistent in the lon
 g run. The decision maker has preferences changing in time. Therefore\, th
 e standard approach based on the Bellman optimality principle fails. Withi
 n a dynamic game-theoretic framework\, the existence of randomised station
 ary Markov perfect equilibria for a large class of Markov decision process
 es with transitions having a density function is proved. Moreover\, under 
 some additional conditions\, this equilibrium can be replaced by a determi
 nistic one. During the talk many examples will be discussed to illustrate 
 our results\, including a portfolio selection model with quasi-hyperbolic 
 discounting.\n
DTSTART:20210325T150000Z
DTEND:20210325T160000Z
LOCATION:CA\, ZOOM
SUMMARY:Quasi-hyperbolic discounting in Markov decision processes
URL:https://www.mcgill.ca/cim/channels/event/quasi-hyperbolic-discounting-m
 arkov-decision-processes-329930
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