We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization ...

The theory of dynamic programming treats problems involving multi-stage processes by means of a transformation of the problem from the space of decisions to the space of functions. This is ...

The methodology amounts to incorporating a maximum likelihood routine embedded in a dynamic programming problem. The dynamic programming problem is solved several times within a maximum likelihood ...