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"item_title" : "Optimal Control, Expectations and Uncertainty",
"item_author" : [" Sean Holly", "Andrew Hughes Hallet "],
"item_description" : "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 modeled simplistically on physical systems. However, as the authors 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 modeling and planning.",
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Optimal Control, Expectations and Uncertainty
by Sean Holly and Andrew Hughes Hallet
Other Available Formats
Overview
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 modeled simplistically on physical systems. However, as the authors 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 modeling and planning.
This item is Non-Returnable
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Details
- ISBN-13: 9780521264440
- ISBN-10: 0521264448
- Publisher: Cambridge University Press
- Publish Date: July 1989
- Dimensions: 9.28 x 6.44 x 0.85 inches
- Shipping Weight: 1.15 pounds
- Page Count: 260
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