The theory of dynamic programming treats problems involving multi-stage processes by means of a transformation of the problem from the space of decisions to the space of functions. This is ...

Responds quickly to recent changes: By focusing on the last N observations, a moving average makes the score highly sensitive to new behavior. If a normally low-risk customer suddenly starts making ...

In this paper we develop a discretized version of the dynamic programming algorithm and study its convergence and stability properties. We show that the computed value function converges quadratically ...

“My amendment adds protections without creating the type of zero-sum dynamic—a virtual tug-of-war between same-sex marriage and religious freedom—that would surely follow from the bill’s ...