In this problem, the optimal path is one that maximizes the expected utility, with the utility function being piecewise-linear and concave. Such a utility function can be used to approximate nonlinear ...

We define two functions f and g on the unit interval [0, 1] to be strongly conjugate $\operatorname {iff}$ there is an order-preserving homeomorphism h of [0, 1] such that g = h -1 fh (a minor ...