Optimal Control, Expectations and Uncertainty - Brossura

Holly, Sean

Brossura

ISBN 10: 0521126339 ISBN 13: 9780521126335

Casa editrice: Cambridge University Press, 2010

Riassunto

An examination of how the rational expectations revolution and game theory have enhanced the understanding of how an economy functions.

Su questo libro

Recensione

"...a nicely written book that covers a wealth of optimization tools originating from optimal and stochastic control and game theory, in a context of policy making in economics....a good introduction to the topic for those who would want to pursue research in dynamic decision making under uncertainty." Tamer Ba^D,sar, Mathematical Reviews

Descrizione del libro

The rational expectations revolution (notably game theory) has fundamentally altered the application of optimal control theory to economic forecasting and planning. In particular, it has shown that economic systems cannot be modelled simplistically on physical systems. However, as the authors of this volume show, this and other economic developments have greatly enhanced our understanding of how an economy functions.

Dettagli dell'edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 2010
• Lingua: Inglese
• ISBN 10: 0521126339
• ISBN 13: 9780521126335
• Rilegatura: Copertina flessibile
• Numero edizione: 1
• Numero di pagine: 260
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile