Evolutionary Programming as a Solution Technique for the Bellman ...

• exposé

Evolutionary Programming as a Solution Technique for the Bellman Equation∗ Paul Gomme Federal Reserve Bank of Cleveland, P.O. Box 6387, Cleveland, OH 44101–1387, Simon Fraser University, Burnaby, B.C., V5A 1S6, CANADA, and CREFE/UQAM, Case postale 8888, succursale centre-ville, Montreal, Quebec, H3C 3P8, CANADA First Draft: April 1996 This Draft: October 1997 Abstract: Evolutionary programming is a stochastic optimization procedure which has proved useful in optimizing difficult functions.

• bellman equation iteration
• value func- tion for the best guess
• top half of the population
• member with a corresponding member
• evolutionary program
• grid point
• capital
• member
• solution