Name: Optimal Control, Expectations and Uncertainty
SKU: 3138705
Price: 1835.00 TWD
Availability: InStock
Author: Holly, Sean ; Hughes Hallet, Andrew
ISBN: 9780521126335

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portada Optimal Control, Expectations and Uncertainty

Optimal Control, Expectations and Uncertainty

Type

Physical Book

Author

Sean Holly

Andrew Hughes Hallet

Publisher

Cambridge University Press

Year

2010

Language

English

Pages

260

Format

Paperback

Dimensions

22.9x15.2x1.5 cm

Weight

0.39 kg.

ISBN

9780521126335

ISBN13

9780521126335

Edition No.

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

Synopsis "Optimal Control, Expectations and Uncertainty "

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