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Description
There are many skips in the lecture and more explanations are needed in many areas, e.g.
- The foundational formulae (in this case the wealth at the next step → a_{t+1})
- Meaning of
$\beta R$ - Many other more are in the comments in the notion page
Also, @HumphreyYang and @shlff suggested to add a lecture regarding the utility function as a prerequisite.