Optimal control, expectations and uncertainty:
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 modelled simplistically on physical...
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
1989
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| Schlagworte: | |
| Online-Zugang: | BSB01 UBG01 Volltext |
| Zusammenfassung: | 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 modelled simplistically on physical systems. However, as the authors of this volume 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 modelling and planning. This book is divided into two parts. The first presents the orthodox framework but extends it to allow for multiplicative uncertainty, risk and non-linearities in the econometric model. The second part looks explicitly at the question of expectations. It provides methods by which forward-looking expectations can be treated jointly with the determination of economic policy. It also examines game-theoretic considerations - where, for instance, policy makers may have incentive to renege on their commitments |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Beschreibung: | 1 online resource (ix, 244 pages) |
| ISBN: | 9780511521973 |
| DOI: | 10.1017/CBO9780511521973 |
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Datensatz im Suchindex
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| any_adam_object | |
| author | Holly, Sean |
| author_facet | Holly, Sean |
| author_role | aut |
| author_sort | Holly, Sean |
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| building | Verbundindex |
| bvnumber | BV043928665 |
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| collection | ZDB-20-CBO |
| ctrlnum | (ZDB-20-CBO)CR9780511521973 (OCoLC)967422218 (DE-599)BVBBV043928665 |
| dewey-full | 330/.01/51 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330/.01/51 |
| dewey-search | 330/.01/51 |
| dewey-sort | 3330 11 251 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511521973 |
| format | Electronic eBook |
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| id | DE-604.BV043928665 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:38:52Z |
| institution | BVB |
| isbn | 9780511521973 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029337744 |
| oclc_num | 967422218 |
| open_access_boolean | |
| owner | DE-12 DE-473 DE-BY-UBG |
| owner_facet | DE-12 DE-473 DE-BY-UBG |
| physical | 1 online resource (ix, 244 pages) |
| psigel | ZDB-20-CBO ZDB-20-CBO BSB_PDA_CBO ZDB-20-CBO UBG_PDA_CBO |
| publishDate | 1989 |
| publishDateSearch | 1989 |
| publishDateSort | 1989 |
| publisher | Cambridge University Press |
| record_format | marc |
| spelling | Holly, Sean Verfasser aut Optimal control, expectations and uncertainty Sean Holly, Andrew Hughes Hallett Optimal Control, Expectations & Uncertainty Cambridge Cambridge University Press 1989 1 online resource (ix, 244 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) 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 modelled simplistically on physical systems. However, as the authors of this volume 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 modelling and planning. This book is divided into two parts. The first presents the orthodox framework but extends it to allow for multiplicative uncertainty, risk and non-linearities in the econometric model. The second part looks explicitly at the question of expectations. It provides methods by which forward-looking expectations can be treated jointly with the determination of economic policy. It also examines game-theoretic considerations - where, for instance, policy makers may have incentive to renege on their commitments Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Rational expectations (Economic theory) Uncertainty Kontrolltheorie (DE-588)4032317-1 gnd rswk-swf Unsicherheit (DE-588)4186957-6 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Rationale Erwartung (DE-588)4121553-9 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd rswk-swf Rationalität (DE-588)4048507-9 gnd rswk-swf Wirtschaftsmodell (DE-588)4079348-5 gnd rswk-swf Optimale Kontrolle (DE-588)4121428-6 gnd rswk-swf Unsicherheit (DE-588)4186957-6 s Wirtschaftstheorie (DE-588)4079351-5 s Mathematisches Modell (DE-588)4114528-8 s 1\p DE-604 Rationale Erwartung (DE-588)4121553-9 s 2\p DE-604 Entscheidung bei Unsicherheit (DE-588)4070864-0 s Kontrolltheorie (DE-588)4032317-1 s 3\p DE-604 Rationalität (DE-588)4048507-9 s 4\p DE-604 5\p DE-604 Optimale Kontrolle (DE-588)4121428-6 s Wirtschaftsmodell (DE-588)4079348-5 s 6\p DE-604 7\p DE-604 Hughes Hallett, Andrew Sonstige oth Erscheint auch als Druckausgabe 978-0-521-12633-5 Erscheint auch als Druckausgabe 978-0-521-26444-0 https://doi.org/10.1017/CBO9780511521973 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 4\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 5\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 6\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 7\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Holly, Sean Optimal control, expectations and uncertainty Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Rational expectations (Economic theory) Uncertainty Kontrolltheorie (DE-588)4032317-1 gnd Unsicherheit (DE-588)4186957-6 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Rationale Erwartung (DE-588)4121553-9 gnd Mathematisches Modell (DE-588)4114528-8 gnd Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Rationalität (DE-588)4048507-9 gnd Wirtschaftsmodell (DE-588)4079348-5 gnd Optimale Kontrolle (DE-588)4121428-6 gnd |
| subject_GND | (DE-588)4032317-1 (DE-588)4186957-6 (DE-588)4079351-5 (DE-588)4121553-9 (DE-588)4114528-8 (DE-588)4070864-0 (DE-588)4048507-9 (DE-588)4079348-5 (DE-588)4121428-6 |
| title | Optimal control, expectations and uncertainty |
| title_alt | Optimal Control, Expectations & Uncertainty |
| title_auth | Optimal control, expectations and uncertainty |
| title_exact_search | Optimal control, expectations and uncertainty |
| title_full | Optimal control, expectations and uncertainty Sean Holly, Andrew Hughes Hallett |
| title_fullStr | Optimal control, expectations and uncertainty Sean Holly, Andrew Hughes Hallett |
| title_full_unstemmed | Optimal control, expectations and uncertainty Sean Holly, Andrew Hughes Hallett |
| title_short | Optimal control, expectations and uncertainty |
| title_sort | optimal control expectations and uncertainty |
| topic | Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Rational expectations (Economic theory) Uncertainty Kontrolltheorie (DE-588)4032317-1 gnd Unsicherheit (DE-588)4186957-6 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Rationale Erwartung (DE-588)4121553-9 gnd Mathematisches Modell (DE-588)4114528-8 gnd Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Rationalität (DE-588)4048507-9 gnd Wirtschaftsmodell (DE-588)4079348-5 gnd Optimale Kontrolle (DE-588)4121428-6 gnd |
| topic_facet | Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Rational expectations (Economic theory) Uncertainty Kontrolltheorie Unsicherheit Wirtschaftstheorie Rationale Erwartung Entscheidung bei Unsicherheit Rationalität Wirtschaftsmodell Optimale Kontrolle |
| url | https://doi.org/10.1017/CBO9780511521973 |
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