We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization ...

Computational modeling could improve how scientists and planners understand and prepare for natural disasters on our coasts ...

An error correction model is derived from a stochastic dynamic programming problem incorporating rational expectations. A parametric restriction is derived that ...

The methodology amounts to incorporating a maximum likelihood routine embedded in a dynamic programming problem. The dynamic programming problem is solved several times within a maximum likelihood ...