Hi @jstac , this PR does two jobs in lecture lqcontrol:
adds . at the end of the following sentences within brackets:
Most parameterizations will be such that :math:`\bar c` is large relative to the amount of consumption that is attainable in each period, and hence the household wants to increase consumption
The algebra is a good exercise --- we'll leave it up to you
`See, for example, :cite:Friedman1956or :cite:ModiglianiBrumberg1954```
Without such a constraint, the optimal choice is to choose :math:`c_t = \bar c` in each period, letting assets adjust accordingly
Again, this relationship breaks down towards the end of life due to the zero final asset requirement
In :ref:`the next section <lq_nsi2>` we employ some tricks to implement a more sophisticated model
This is possible because, in the two separate periods of life, the respective income processes [polynomial trend and constant] each fit the LQ framework
In fact, we are just adding a constant term to :eq:`\lq_object_mp`, and optimizers are not affected by constant terms
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Hi @jstac , this PR does two jobs in lecture lqcontrol:
.at the end of the following sentences within brackets:Most parameterizations will be such that :math:`\bar c` is large relative to the amount of consumption that is attainable in each period, and hence the household wants to increase consumptionThe algebra is a good exercise --- we'll leave it up to you`See, for example, :cite:Friedman1956or :cite:ModiglianiBrumberg1954```Without such a constraint, the optimal choice is to choose :math:`c_t = \bar c` in each period, letting assets adjust accordinglyAgain, this relationship breaks down towards the end of life due to the zero final asset requirementIn :ref:`the next section <lq_nsi2>` we employ some tricks to implement a more sophisticated modelThis is possible because, in the two separate periods of life, the respective income processes [polynomial trend and constant] each fit the LQ frameworkIn fact, we are just adding a constant term to :eq:`\lq_object_mp`, and optimizers are not affected by constant terms(xxxxxxx).with(xxxxxxx.)