Hi, I am proficient in standard dynamic programming techniques.(adsbygoogle = window.adsbygoogle || []).push({});

In the standard textbook reference, the state variable and the control variable are separate entities.

However, I have seen examples in economics, in which a single variable, let's say consumption, is both a state variable and a control variable simultaneously.

This is very strange. Can the same variable be a control variable and state variable simultaneously? Is it allowed in bellman equation?

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# Bellman Equation, Dynamic Programming, state vs control

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