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This work concerns discrete-time Markov decision processes with finite state space and bounded costs per stage. The decision maker ranks random costs via the expectation of the utility function associated to a constant risk sensitivity coefficient, and the performance of a control policy is...
Persistent link: https://www.econbiz.de/10010999981
This work concerns discrete-time Markov decision processes with finite state space and bounded costs per stage. The decision maker ranks random costs via the expectation of the utility function associated to a constant risk sensitivity coefficient, and the performance of a control policy is...
Persistent link: https://www.econbiz.de/10010759568