2004, ISBN: 9780511192524

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical con… Plus…

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical concepts are introduced in a language and terminology familiar to graduate students of economics. The standard topics of many mathematics, economics and finance books are illustrated with real examples documented in the economic literature. Moreover, the book emphasises the dos and don'ts of stochastic calculus, cautioning the reader that certain results and intuitions cherished by many economists do not extend to stochastic models. A special chapter (Chapter 5) is devoted to exploring various methods of finding a closed-form representation of the value function of a stochastic control problem, which is essential for ascertaining the optimal policy functions. The book also includes many practice exercises for the reader. Notes and suggested readings are provided at the end of each chapter for more references and possible extensions. eBooks > Fremdsprachige eBooks > Englische eBooks; eBooks > Fachbücher > Wirtschaft; eBooks > Fachbücher > Sozialwissenschaft , Cambridge University Press, Fwu-Ranq Chang, Cambridge University Press, nq C<

2004, ISBN: 9780511192524

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical con… Plus…

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical concepts are introduced in a language and terminology familiar to graduate students of economics. The standard topics of many mathematics, economics and finance books are illustrated with real examples documented in the economic literature. Moreover, the book emphasises the dos and don'ts of stochastic calculus, cautioning the reader that certain results and intuitions cherished by many economists do not extend to stochastic models. A special chapter (Chapter 5) is devoted to exploring various methods of finding a closed-form representation of the value function of a stochastic control problem, which is essential for ascertaining the optimal policy functions. The book also includes many practice exercises for the reader. Notes and suggested readings are provided at the end of each chapter for more references and possible extensions. eBooks > Fremdsprachige eBooks > Englische eBooks; eBooks > Fachbücher > Wirtschaft; eBooks > Fachbücher > Sozialwissenschaft , Cambridge University Press, PDF, Cambridge University Press<

2004, ISBN: 9780511192524

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical con… Plus…

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical concepts are introduced in a language and terminology familiar to graduate students of economics. The standard topics of many mathematics, economics and finance books are illustrated with real examples documented in the economic literature. Moreover, the book emphasises the dos and don'ts of stochastic calculus, cautioning the reader that certain results and intuitions cherished by many economists do not extend to stochastic models. A special chapter (Chapter 5) is devoted to exploring various methods of finding a closed-form representation of the value function of a stochastic control problem, which is essential for ascertaining the optimal policy functions. The book also includes many practice exercises for the reader. Notes and suggested readings are provided at the end of each chapter for more references and possible extensions. eBooks > Fremdsprachige eBooks > Englische eBooks; eBooks > Fachbücher > Wirtschaft; eBooks > Fachbücher > Sozialwissenschaft , Cambridge University Press, Cambridge University Press<

2004, ISBN: 9780511192524

eBooks, eBook Download (PDF), Auflage, First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive featu… Plus…

eBooks, eBook Download (PDF), Auflage, First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics. A distinctive feature of the book is that mathematical concepts are introduced in a language and terminology familiar to graduate students of economics. The standard topics of many mathematics, economics and finance books are illustrated with real examples documented in the economic literature. Moreover, the book emphasises the dos and don'ts of stochastic calculus, cautioning the reader that certain results and intuitions cherished by many economists do not extend to stochastic models. A special chapter (Chapter 5) is devoted to exploring various methods of finding a closed-form representation of the value function of a stochastic control problem, which is essential for ascertaining the optimal policy functions. The book also includes many practice exercises for the reader. Notes and suggested readings are provided at the end of each chapter for more references and possible extensions. [PU: Cambridge University Press], [ED: 1], Cambridge University Press, 2004<

2004, ISBN: 9780511192524

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics.A distinctive feature of the book is that mathematical conc… Plus…

First published in 2004, this is a rigorous but user-friendly book on the application of stochastic control theory to economics.A distinctive feature of the book is that mathematical concepts are introduced in a language and terminology familiar to graduate students of economics.The standard topics of many mathematics, economics and finance books are illustrated with real examples documented in the economic literature.Moreover, the book emphasises the dos and don'ts of stochastic calculus, cautioning the reader that certain results and intuitions cherished by many economists do not extend to stochastic models.A special chapter (Chapter 5) is devoted to exploring various methods of finding a closed-form representation of the value function of a stochastic control problem, which is essential for ascertaining the optimal policy functions.The book also includes many practice exercises for the reader.Notes and suggested readings are provided at the end of each chapter for more references and possible extensions.; PDF; Business,Finance and Law > Economics > Econometrics, Cambridge University Press<