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Published online by Cambridge University Press: 05 May 2022
In this chapter, we present the notions of Markov decision problem, the T-stage evaluation and the discounted evaluation. We introduce and study contracting mappings, and use such mappings to show that the decision maker has a stationary discounted optimal strategy. We also define the concept of uniform optimality, and show that the decision maker has a stationary uniformly optimal strategy.
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