Information and Efficiency in Economic Decision

Name: Information and Efficiency in Economic Decision
Brand: Springer
SKU: 9789401087377
Price: 1100.99 RON
Availability: InStock

Autor: Jati Sengupta

Limbă:

Legare: Carte broșată

Editura: Springer

Disponibilitate: În depozitul extern

Expediem în 5-8 zile

1 100.99 lei

Use of information is basic to economic theory in two ways. As a basis for optimization, it is centr...

Informații despre carte

Autor

Jati Sengupta

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2011

Pagini

482

EAN

9789401087377

ISBN

9401087377

Enbook ID

02185612

Editura

Springer

Greutate

753

Dimensiuni

155 x 235 x 27

Descriere completă

Use of information is basic to economic theory in two ways. As a basis for optimization, it is central to all normative hypotheses used in eco nomics, but in decision-making situations it has stochastic and evolution ary aspects that are more dynamic and hence more fundamental. This book provides an illustrative survey of the use of information in econom ics and other decision sciences. Since this area is one of the most active fields of research in modern times, it is not possible to be definitive on all aspects of the issues involved. However questions that appear to be most important in this author's view are emphasized in many cases, without drawing any definite conclusions. It is hoped that these questions would provoke new interest for those beginning researchers in the field who are currently most active. Various classifications of information structures and their relevance for optimal decision-making in a stochastic environment are analyzed in some detail. Specifically the following areas are illustrated in its analytic aspects: 1. Stochastic optimization in linear economic models, 2. Stochastic models in dynamic economics with problems of time-inc- sistency, causality and estimation, 3. Optimal output-inventory decisions in stochastic markets, 4. Minimax policies in portfolio theory, 5. Methods of stochastic control and differential games, and 6. Adaptive information structures in decision models in economics and the theory of economic policy.

S-ar putea să te intereseze

Clienții care au cumpărat această carte au mai cumpărat și

Cele mai căutate

Categories

Authors

Publishers

Produse

Produse

Cele mai căutate

Categories

Authors

Publishers

Produse

Produse

Information and Efficiency in Economic Decision

Informații despre carte

Descriere completă

S-ar putea să te intereseze

Clienții care au cumpărat această carte au mai cumpărat și