Information and Efficiency in Economic Decision: 4 (Advanced Studies in Theoretical and Applied Econometrics) - Hardcover

Sengupta, Jati

 
9789024730728: Information and Efficiency in Economic Decision: 4 (Advanced Studies in Theoretical and Applied Econometrics)
Hardcover
ISBN 10: 9024730724 ISBN 13: 9789024730728
Verlag: Springer, 1985

Inhaltsangabe

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.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Reseña del editor

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.

„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.

Verlag
Springer
Erscheinungsdatum
1985
Sprache
Englisch
ISBN 10 
9024730724
ISBN 13 
9789024730728
Einband
Tapa dura
Anzahl der Seiten
500
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
CMN Printpool Inh. Mathis Neumann
https://www.also.com/ec/cms5/en_6000/6000/index.jsp

Friedrich-Karl-Str. 9
Hamburg
Deutschland

Weitere beliebte Ausgaben desselben Titels

9789401087377: Information and Efficiency in Economic Decision: 4 (Advanced Studies in Theoretical and Applied Econometrics)

Vorgestellte Ausgabe

ISBN 10:  9401087377 ISBN 13:  9789401087377
Verlag: Springer, 2011
Softcover