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Re: st: code for dynamic programming
Partho Sarkar <firstname.lastname@example.org>
Re: st: code for dynamic programming
Fri, 2 Mar 2012 20:48:43 +0530
Glad it helped somewhat, but I don't think there is any cause for
despair- if you are prepared to put in a minimum amount of effort!
There has been a lot of programming developed for these problems. You
just have to grind through the basic steps of searching, locating a
language/program that suits you & which you can access easily,
mastering the essentials, and building up the algorithm is steps of
increasing complexity. R is open-source, and there is an enormously
rich repository of user contributed programs in diverse areas
including, I am sure, DP- see the CRAN project.
[ Just to give some perspective, in a way, things are *much* easier
for beginning programmers now- when some of us started out, we didn't
have acces to any internet forums, not to mention archives of
lectures, papers & programs!]
On Fri, Mar 2, 2012 at 8:35 PM, Osei Kuffour Wiafe <email@example.com> wrote:
> Thanks for the ideas and the attached resources are very enlightening.
> Yes, it's an Inter-temporal utility maximizing
> problem, and now it looks to be far-fetched for me!
> I appreciate your thoughts too. I hope someone comes up with something
> in this field in the very near future!
> thanks guys!
> On Fri, Mar 2, 2012 at 7:10 PM, Partho Sarkar <firstname.lastname@example.org> wrote:
>> Osei, from your post it is not clear to me exactly what you are
>> trying to do- I think you would get more help if you explain that
>> clearly. Some remarks & suggestions below , for what they are worth:
>> If it is an exercise in simulating/solving a dynamic programming (DP)
>> problem as such (e.g., inter-temporal utility maximization of a
>> consumer, which is what your post suggests) , then Stata is simply not
>> the tool for it- Stata is by definition geared toward *statistical*
>> problems. Sure, like any statistical package, it uses some
>> maximization algorithms, e.g., for maximum likelihood estimation, but
>> these are by their nature specific to that particular class of
>> problem. (It might be possible to somehow manipulate these to told
>> to solve a DP problem, but it doesn't seem very promising!)
>> For DP as such, which is a *mathematical/computational* problem, there
>> are many programs available in other languages/packages- Matlab would
>> be my first choice (or R or C++ ). Have a look at
>> http://www.stanford.edu/~roymill/cgi-bin/methods2010/material.php (the
>> Matlab section) -there are many other sources for DP algorithms in
>> Matlab. ( It is some time since I have worked on this type of
>> exercise, so you might find more upto date information. )
>> On the other hand, if you are trying to *estimate* a dynamic discrete
>> choice model, then that is a *statistical* problem in which you can
>> utilize Stata's estimation tools (the key here would be formulating
>> the estimation problem/equations properly, and not the algorithm). I
>> have no experience of this, but if you search around, I am sure you
>> will be able to find some sources. E.g., just at random,I found a
>> link to this recent paper :
>> I hope this helps.
>> Partho Sarkar
>> From Osei Kuffour Wiafe <email@example.com>
>> To firstname.lastname@example.org
>> Subject st: code for dynamic programming
>> Date Thu, 1 Mar 2012 21:12:16 +1000
>> Hey guys,
>> I'm quite new to stata and I need help with coding a backward recursive
>> problem. It is in the form of the Epstein-Zin utility and similar to the
>> Bellman equation. I'd appreciate any other dynamic programming code which
>> would relate to what I am doing. That should give me a clue to finding my
>> solution. For now I have no idea where to begin!
>> Hope to get some help from this forum.
>> * For searches and help try:
>> * http://www.stata.com/help.cgi?search
>> * http://www.stata.com/support/statalist/faq
>> * http://www.ats.ucla.edu/stat/stata/
> Osei K.
> Phone: + 61 7 3138 6857 *
> *Mobile: + 61 451 418 099
> *I don't know who my grandfather was; I am much more concerned to know what
> his grandson will be. ~ *Abraham Lincoln* *(1809- 1865)*
> Life is like riding a bicycle - in order to keep your balance, you must keep
> moving. ~*Albert* *Einstein (1879-1955)
> * For searches and help try:
> * http://www.stata.com/help.cgi?search
> * http://www.stata.com/support/statalist/faq
> * http://www.ats.ucla.edu/stat/stata/
* For searches and help try: