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Optimal Control, Expectations and Uncertainty, Paperback by Holly, Sean; Hall...
- Item No : 356832511966
- Condition : Brand New
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- Seller : greatbookprices1
- Current Bid : US $47.84
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* Item Description
- Optimal Control, Expectations and Uncertainty, Paperback by Holly, Sean; Hallet, Andrew Hughes, ISBN 0521126339, ISBN-13 9780521126335, Brand New, Free shipping in the US The rational expectations revolution (notably game theory) has fundamentally altered the application of optimal control theory to economic forecasting and planning. In particular, it has shown that economic systems cannot be modelled simplistically on physical systems. However, as the authors of this volume show, this and other economic developments have greatly enhanced our understanding of how an economy functions.
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