Avoiding the curse of dimensionality in dynamic stochastic games
Continuous-time stochastic games with a finite number of states have substantial computational and conceptual advantages over the more common discrete-time model. In particular, continuous time avoids a curse of dimensionality and speeds up computations by orders of magnitude in games with more than a few state variables. The continuous-time approach opens the way to analyze more complex and realistic stochastic games than is feasible in discrete-time models.
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Volume (Year): 3 (2012)
Issue (Month): 1 (03)
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