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CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20260514T151435Z
DTSTART:20260527T140000Z
DTEND:20260527T150000Z
SUMMARY:Probability Seminar: Yanzhao Yang - A New Solution to Time Incons
 istent Stopping Problem
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}j27t-mp5mnp
 tz-n6rfoo
DESCRIPTION:Yanzhao Yang  (University of Oxford) will speak at the Probab
 ility seminar.\n\nTitle:  A New Solution to Time Inconsistent Stopping P
 roblem\n\nAbstract:  Time inconsistency is a situation that a plan of ac
 tions to be taken in the future that is optimal for an agent according t
 o today's preference may not be optimal for the same agent in the future
  according to corresponding preference. In this talk\, we propose a new 
 framework for solving a general dynamic optimal stopping problem without
  time consistency. A sophisticated solution is proposed and is well-defi
 ned for any time setting with general flows of objectives. A backward it
 eration is proposed to find the solution. The iteration works with an ad
 ditional condition\, which holds in interesting cases including the time
  inconsistency arising from non-exponential discounting. Even if the ite
 ration does not work\, the equilibrium solution can still be studied by 
 a forward definition.
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:Frank Adams 2\, Alan Turing Building\, Manchester
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