• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Optimal Control, Expectations and Uncertainty

Optimal Control, Expectations and Uncertainty

Paperback

Economics

ISBN10: 0521126339
ISBN13: 9780521126335
Publisher: Cambridge University Press
Published: Jan 14 2010
Pages: 260
Weight: 0.85
Height: 0.59 Width: 6.00 Depth: 9.00
Language: English
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.

1 different editions

Also available

Also in

Economics