Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Abstract: In this article, a stochastic optimal control problem is considered for a continuous-time Markov chain taking values in a denumerable state space over a fixed finite horizon. The optimality ...

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