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Optimal Control Expectations And Uncertainty 1st Edition Sean Holly

  • SKU: BELL-2012306
Optimal Control Expectations And Uncertainty 1st Edition Sean Holly
$ 31.00 $ 45.00 (-31%)

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Optimal Control Expectations And Uncertainty 1st Edition Sean Holly instant download after payment.

Publisher: Cambridge University Press
File Extension: PDF
File size: 5.97 MB
Pages: 260
Author: Sean Holly, Andrew Hughes Hallet
ISBN: 9780511521973, 9780521126335, 9780521264440, 0511521979, 0521126339, 0521264448
Language: English
Year: 2010
Edition: 1

Product desciption

Optimal Control Expectations And Uncertainty 1st Edition Sean Holly by Sean Holly, Andrew Hughes Hallet 9780511521973, 9780521126335, 9780521264440, 0511521979, 0521126339, 0521264448 instant download after payment.

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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