| Abstract: |
| This talk is concerned with a time-inconsistent stochastic optimal control problem in an infinite time horizon with a non-degenerate diffusion in the state equation. A major assumption is that people become rational after a large time. Under such a condition, the problem is decomposed into two parts: a non-autonomous time-consistent problem in infinite time horizon and a time-inconsistent problem in infinite time horizon. Then an equilibrium strategy will be constructed. Both Bolza type problem and recursive cost problem are considered. |
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