time to study the new situation they resort to an action that "works" most of the time.

Dynamic utility maximization

The utility maximization bundle of the consumer is also not set and can change over time. For example, in the overlapping generation model the prices of the production factors (the price of labor - wage and the price of capital - the interest rate) change over time and so does the decision of the consumer. Consumer can modify their decisions due to a change

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