Question: 4.7. Let X,, be a Markov chain with transition probabilities P,. We are given a discount factor 8 with 0 Using a first step analysis,

4.7. Let X,, be a Markov chain with transition probabilities P,. We are given a "discount factor" 8 with 0

h = E[ B'"c(X)\X = i].

Using a first step analysis, show that h, satisfies the system of linear equations

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h = E[ B'"c(X)\X = i].

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