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Bellman equation

A Bellman equation, named after Richard E. Bellman, is a technique in dynamic programming which breaks an optimization problem into a sequence of simpler subproblems, as Bellman's "principle of optimality" prescribes. It is a necessary condition for optimality. The "value" of a decision problem at a certain point in time is written in terms of the payoff…

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Overview

Analytical concepts in dynamic programming

Derivation

Solution methods

Applications in economics

Example

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Bellman equation

Nodes85
Edges84
Triples51
Avg. degree1.98
Density0.023529
Components1

How this topic connects Entity context

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Bellman equation

Top relations

has method · 13
Bellman equation → Approximate, Bellman, Bertsekas, By, Euler, HJB, In, Numerical, Standard, The, The Bellman, This, Tsitsiklis
has application · 12
Bellman equation → Because, Bellman, Bellman's, Edmund, His, Martin Beckmann, Merton's, Phelps, Richard Muth, Robert, See, The
related to In a stochastic problem · 8
Bellman equation → Assume, For, However, In, OliveGreen, Red, Then, They
related to Analytical concepts in dynamic programming · 7
Bellman equation → Bellman, Dynamic, First, For, The, Therefore, To
see also · 6
Bellman equation → Bellman, Jacobi, Mathematical, Optimality, Problem, Property
related to Example · 4
Bellman equation → Bellman, For, In Markov, This
is a · 1
Bellman equation → recursion for expected rewards

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Important terminology

bellman equation problem state displaystyle function optimization dynamic decision programming value time optimal policy problems control called optimality possible period

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Bellman equationis arecursion for expected rewards0.90text
Bellman equationhas applicationThe0.60section
Bellman equationhas applicationBellman0.60section
Bellman equationhas applicationMartin Beckmann0.60section
Bellman equationhas applicationRichard Muth0.60section
Bellman equationhas applicationHis0.60section
Bellman equationhas applicationEdmund0.60section
Bellman equationhas applicationPhelps0.60section
Bellman equationhas applicationRobert0.60section
Bellman equationhas applicationMerton's0.60section
Bellman equationhas applicationSee0.60section
Bellman equationhas applicationBellman's0.60section

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