The more advanced model has fundamentally the same issues, but I haven’t dug as deep there yet.
I agree that to the extent the treatment of superexponentiality is wrong it’s also an issue there, albeit a substantially smaller one because the time horizon extension plays a smaller role in that model.
I agree that to the extent the treatment of superexponentiality is wrong it’s also an issue there, albeit a substantially smaller one because the time horizon extension plays a smaller role in that model.