Information and Efficiency in Economic Decision:
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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Dordrecht
Springer Netherlands
1985
|
| Ausgabe: | 1st ed. 1985 |
| Schriftenreihe: | Advanced Studies in Theoretical and Applied Econometrics
4 |
| Schlagworte: | |
| Online-Zugang: | BTU01 URL des Erstveröffentlichers |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (XII, 482 p) |
| ISBN: | 9789400950535 |
| DOI: | 10.1007/978-94-009-5053-5 |
Internformat
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Datensatz im Suchindex
| _version_ | 1804181719212883968 |
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| adam_txt | |
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| author | Sengupta, Jati |
| author_facet | Sengupta, Jati |
| author_role | aut |
| author_sort | Sengupta, Jati |
| author_variant | j s js |
| building | Verbundindex |
| bvnumber | BV046871428 |
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| dewey-full | 330.015195 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.015195 |
| dewey-search | 330.015195 |
| dewey-sort | 3330.015195 |
| dewey-tens | 330 - Economics |
| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-94-009-5053-5 |
| edition | 1st ed. 1985 |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:35Z |
| indexdate | 2024-07-10T08:56:07Z |
| institution | BVB |
| isbn | 9789400950535 |
| language | English |
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| spelling | Sengupta, Jati Verfasser aut Information and Efficiency in Economic Decision by Jati Sengupta 1st ed. 1985 Dordrecht Springer Netherlands 1985 1 Online-Ressource (XII, 482 p) txt rdacontent c rdamedia cr rdacarrier Advanced Studies in Theoretical and Applied Econometrics 4 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 Econometrics Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd rswk-swf Stochastische Optimierung (DE-588)4057625-5 gnd rswk-swf Wirtschaft (DE-588)4066399-1 gnd rswk-swf Optimierung (DE-588)4043664-0 gnd rswk-swf Entscheidungsprozess (DE-588)4121202-2 gnd rswk-swf Information (DE-588)4026899-8 gnd rswk-swf Stochastische Optimierung (DE-588)4057625-5 s Information (DE-588)4026899-8 s Entscheidungsprozess (DE-588)4121202-2 s Wirtschaft (DE-588)4066399-1 s DE-604 Optimierung (DE-588)4043664-0 s Entscheidung bei Unsicherheit (DE-588)4070864-0 s Erscheint auch als Druck-Ausgabe 9789401087377 Erscheint auch als Druck-Ausgabe 9789024730728 Erscheint auch als Druck-Ausgabe 9789400950542 https://doi.org/10.1007/978-94-009-5053-5 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Sengupta, Jati Information and Efficiency in Economic Decision Econometrics Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Stochastische Optimierung (DE-588)4057625-5 gnd Wirtschaft (DE-588)4066399-1 gnd Optimierung (DE-588)4043664-0 gnd Entscheidungsprozess (DE-588)4121202-2 gnd Information (DE-588)4026899-8 gnd |
| subject_GND | (DE-588)4070864-0 (DE-588)4057625-5 (DE-588)4066399-1 (DE-588)4043664-0 (DE-588)4121202-2 (DE-588)4026899-8 |
| title | Information and Efficiency in Economic Decision |
| title_auth | Information and Efficiency in Economic Decision |
| title_exact_search | Information and Efficiency in Economic Decision |
| title_exact_search_txtP | Information and Efficiency in Economic Decision |
| title_full | Information and Efficiency in Economic Decision by Jati Sengupta |
| title_fullStr | Information and Efficiency in Economic Decision by Jati Sengupta |
| title_full_unstemmed | Information and Efficiency in Economic Decision by Jati Sengupta |
| title_short | Information and Efficiency in Economic Decision |
| title_sort | information and efficiency in economic decision |
| topic | Econometrics Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Stochastische Optimierung (DE-588)4057625-5 gnd Wirtschaft (DE-588)4066399-1 gnd Optimierung (DE-588)4043664-0 gnd Entscheidungsprozess (DE-588)4121202-2 gnd Information (DE-588)4026899-8 gnd |
| topic_facet | Econometrics Entscheidung bei Unsicherheit Stochastische Optimierung Wirtschaft Optimierung Entscheidungsprozess Information |
| url | https://doi.org/10.1007/978-94-009-5053-5 |
| work_keys_str_mv | AT senguptajati informationandefficiencyineconomicdecision |