I managed a glitch at ¡­

• I managed a glitch at the end of Monday's lecture: the 'policy update' step is not about updating the value function, but finding the new control. (I let the formula from the value iteration remain on the board, but I should of course have removed the right hand side and replaced 'sup' by 'argsup' or 'argmax'.)

• For actual optimization code: The 2009 version of ECON5160 had Espen Henriksen presenting an Aiyagari-Bewley model. You can go to that course site, or find his presentation together with Matlab code here .

- Nils