Title: Some Results of Time-Inconsistent Optimal Control Problems
Abstract: Time-inconsistency exists in optimal control problems. An optimal control found for a given initial time and an initial state usually will not stay optimal afterwards. The main reasons causing such a situation are people’s time-preferences and risk-preferences. One way to treat the problem is to seek equilibrium strategies, instead of optimal controls. In this talk, some recent results concerning on the problem will be presented.