1. Mathematical Induction

Hello everybody!

I'm an economics student stuck on this dynamic optimization problem, where the second part of the problem includes "mathematical induction". I think I have understood the notion of it (the two cases that I need to test), but I have no idea how to apply it here. Anyways, any help/pointers are very welcome!

//Eric

The problem: https://studentweb2.hhs.se/courseWeb.../PS6(2012).pdf

I think I have found the correct general function (see the attached PDF), but the induction part is beyond me!

2. Re: Mathematical Induction

I can't see what the problem is, your URL is restricted...

3. Re: Mathematical Induction

Ah, sorry about that! See attatched file for the problem!

4. Re: Mathematical Induction

Any help what so ever regarding mathematical induction will be greatly appreciated!