ricerca
avanzata

Optimal Control, Expectations and Uncertainty - 9780521126335

Un libro in lingua di Sean Holly Hallet Andrew Hughes edito da Cambridge Univ Pr, 2010

  • € 24.10
  • Il prezzo è variabile in funzione del cambio della valuta d’origine

The rational expectations revolution and other developments in economics (notably game theory) have fundamentally altered the application of optimal control theory to economic forecasting and planning. In particular, they have shown that economic systems cannot be modeled simplistically on physical systems. However, as the authors show, these developments have greatly enhanced our understanding of how an economy functions, and now make it possible for optimal control theory to be applied much more effectively to economic modeling and planning.

Informazioni bibliografiche