Asset Selling Problem

In course

Description

This lecture covers the Asset Selling Problem, where a person wants to sell an asset without a deadline to maximize long-term reward. The instructor explains the dynamics of the problem, the value and policy iteration algorithms, and the convergence of policy iteration. The goal is to find the optimal policy for selling the asset. Various concepts such as Bellman Equation, value iteration, and policy evaluation are discussed in detail.

Instructor

Official source

https://mediaspace.epfl.ch/media/0_kfh3gee4

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Related concepts (151)

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In computer science, the time complexity is the computational complexity that describes the amount of computer time it takes to run an algorithm. Time complexity is commonly estimated by counting the number of elementary operations performed by the algorithm, supposing that each elementary operation takes a fixed amount of time to perform. Thus, the amount of time taken and the number of elementary operations performed by the algorithm are taken to be related by a constant factor.

Policy

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Public policy

Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. The implementation of public policy is known as public administration. Public policy can be considered to be the sum of a government's direct and indirect activities and has been conceptualized in a variety of ways. They are created and/or enacted on behalf of the public typically by a government.