MATLAB: Question of fmincon

fmincon

I want to minimize a utility function which contain loops in it via using fmincon, but the command window shows error of "NONLCON must be a function". I wish someone could read the code following, point out the error and show the way to correct it. Thanks a lot.
function f=function_1_2(x)
r0=.02;
sigma=.04;
gamma=5;
delta=.4;
mu0=.06;
N=60;
T=60;
dt=T/N;
R=40;
A0=50;
p=.16;
b=.7;
utility0=0;
asset=A0*ones(1,N+1);
L=A0;
b0=b*ones(1,N+1);
contri=p;
S=0*ones(1,N+1);
r=r0;
mu=mu0;
utility=utility0*ones(1,N+1);
t=0:dt:T;
for j=1:N
    S(1,j)=asset(1,j)-L;
    contri(1,j)=x(1)-x(2)*S(1,j)/R;
    asset(1,j+1)=asset(1,j)+((asset(1,j).*(r+x(3)*(mu-r)))+40*contri(1,j)-15*b0(1,j))*dt+x(2)*sigma*asset(1,j)*sqrt(dt).*randn(1);
    if j<R
        C(1,j)=ones(1,1)-(contri(1,j)-x(1)*S(1,j)/R);
    elseif j>=R & j<=N
        C(1,j)=b;
    end
    utility(1,j+1)=utility(1,j)+exp(-delta*j)*(C(1,j).^(1-gamma))/(1-gamma);
end
f=(-1)*mean(utility(1,N+1))
And the fmincon function is:
clear
clc
%%lower bound
lb=zeros(3,1);lb(2)=.02;
%%upper bound
ub=inf(3,1);ub(2)=1;ub(3)=1;
%%start point
x0=[0,0.02,0];
%%optimize the utility function
[x,fval]=fmincon(@function_1_2,x0,[],[],[],[],[],[],lb,ub)

Best Answer

The lower bound and upper bound should be the 7th and 8th arguments, but you have them as the 9th and 10th arguments.
Somewhere in there you have two too many []
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