Results 101 to 110 of about 23,924 (227)
Reinforcement Learning for Jump‐Diffusions, With Financial Applications
Mathematical Finance, EarlyView.ABSTRACT We study continuous‐time reinforcement learning (RL) for stochastic control in which system dynamics are governed by jump‐diffusion processes. We formulate an entropy‐regularized exploratory control problem with stochastic policies to capture the exploration–exploitation balance essential for RL.
Xuefeng Gao, Lingfei Li, Xun Yu Zhou
wiley +1 more source
Welfare Foundations of Discounting [PDF]
We investigate whether temporal preferences expressed as a sum of discounted consumption utilities can be derived from a welfare representation in the form of a sum of discounted total utilities.
Sáez-Martí, María +1 more
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Modern Theology, EarlyView.Abstract This essay, designed as a complement to opinions expressed by Rowan Williams and some speakers at the conference in his honour, explores features of early Christianity which suggest a positive evaluation of artificial intelligence. Noting that the fear of reducing humans to machines has been joined in the modern age by the fear that machines ...
Mark J. Edwards
wiley +1 more source
Discounting when income is stochastic and climate change policies [PDF]
We introduce stochastic income into the standard exponential discounting model and study dependence of effective discount rates on the type of the underlying stochastic process and agent's current income level. If the income follows a process with i.i.d.
Boyarchenko, Svetlana +1 more
core +1 more source
Psychiatry and Clinical Neurosciences, EarlyView.Aims Large‐scale behavioral experiments are increasingly recognized as essential in psychiatric research based on a transdiagnostic dimensional view of mental disorders. However, advanced programming skills and substantial financial resources are usually needed to conduct such experiments, posing a barrier for new researchers.
Asako Toyama +3 more
wiley +1 more source
The Hyperbolic Forest Owner [PDF]
This paper examines the implications of quasi-hyperbolic inter-temporal preferences to the Faustman model. The use of decreasing discount rates leads to dynamically inconsistent behavior.
Costa-Duarte, Clara +2 more
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On the undesirable repercussions of gender norms in an endogenous growth model
The Scandinavian Journal of Economics, EarlyView.Abstract Sustainable growth has emerged as a critical policy challenge worldwide. We investigate the influence of conventional gender norms on fertility and economic growth to explain the phenomena recently observed across high‐income countries. To this end, we construct an overlapping generations model with endogenous fertility and labor supply ...
Ryo Sakamoto, Katsunori Minami
wiley +1 more source
A formal analysis of inconsistent decisions in intertemporal choice through subjective time perception. [PDF]
Heliyon, 2023 Cruz Rambaud S, Sánchez García J.
europepmc +1 more source
In the last twenty years a growing body of experimental evidence has posed a challenge to the standard Exponential Discounting Model of choice over time.
Marco Mariotti, Paola Manzini
core
Topics in Cognitive Science, EarlyView.Abstract Past research suggests that Working Memory plays a role in determining relative clause attachment bias. Disambiguation preferences may further depend on Processing Speed and explicit memory demands in linguistic tasks. Given that Working Memory and Processing Speed decline with age, older adults offer a way of investigating the factors ...
Willem S. van Boxtel, Laurel A. Lawyer
wiley +1 more source