Curse of dimensionality. If parents are assumed to have voluntary bequests, all the state variables of the parents should be added to the state space of the children. As a result, the curse of dimensionality occurs and takes a lot of computation time. de Nardi (2004) simplified the model ...
Occasionally, the interpretability results can reveal inf ormation that leads to new f eature engineering ideas or reveals that certain input variables are useless to the models and only contribute to the curse of dimensionality. For this data set, the partial dependency of the input variables ...