That is under the assumption of optimal control i.e. parametrized by the Bellman equation. In real life (for a normal individual and not e.g. a high net worth p

That is under the assumption of optimal control i.e. parametrized by the Bellman equation. In real life (for a normal individual and not e.g. a high net worth person or corporation) if you hit a non optimal scenario, your life is over and you are trapped in a local minima.