Rust (1997b) discovered a class of dynamic programs that can be solved in polynomial time with a randomized algorithm. For these dynamic programs, the optimal values of a polynomially large sample of states are sufficient statistics for the (near) optimal values everywhere, and the values of this random sample can be bootstrapped from the sample itself. However, I show that this class is limited, as it requires all but a vanishingly small fraction of state variables to behave arbitrarily similarly to i.i.d. uniform random variables.
MLA
Bray, Robert L.. “A Comment on “Using Randomization to Break the Curse of Dimensionality”.” Econometrica, vol. 90, .no 4, Econometric Society, 2022, pp. 1915-1929, https://doi.org/10.3982/ECTA17664
Chicago
Bray, Robert L.. “A Comment on “Using Randomization to Break the Curse of Dimensionality”.” Econometrica, 90, .no 4, (Econometric Society: 2022), 1915-1929. https://doi.org/10.3982/ECTA17664
APA
Bray, R. L. (2022). A Comment on “Using Randomization to Break the Curse of Dimensionality”. Econometrica, 90(4), 1915-1929. https://doi.org/10.3982/ECTA17664
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