n-step expansion (p. 291) — a solution M of (2) equals max over δ₁,…,δₙ of the n-stage yield plus M(ω_{n+1})P_{n+1}(s)

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n-step expansion (p. 291) — a solution M of (2) equals max over δ₁,…,δₙ of the n-stage yield plus M(ω_{n+1})P_{n+1}(s) · Prove2Me