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portada Optimal Control, Expectations and Uncertainty
Type
Physical Book
Year
1989
Language
English
Pages
260
Format
Hardcover
Dimensions
23.6 x 16.4 x 2.2 cm
Weight
0.52 kg.
ISBN
0521264448
ISBN13
9780521264440
Categories

Optimal Control, Expectations and Uncertainty

Sean Holly (Author) · Andrew Hughes Hallet (Author) · Cambridge University Press · Hardcover

Optimal Control, Expectations and Uncertainty - Holly, Sean ; Hughes Hallet, Andrew

New Book Imported to Taiwan
Delivery: 17 Aug - 25 Aug Shipping: 5 to 6 business days.
NT$ 5,594
NT$ 5,594

Synopsis "Optimal Control, Expectations and Uncertainty "

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.

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