The Art of Smooth Pasting 2024 pdf epub mobi 电子书


The Art of Smooth Pasting

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发表于2024-11-01

The Art of Smooth Pasting 2024 pdf epub mobi 电子书

The Art of Smooth Pasting 2024 pdf epub mobi 电子书

The Art of Smooth Pasting 2024 pdf epub mobi 电子书



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出版者:Routledge
作者:A. Dixit
出品人:
页数:88
译者:
出版时间:2001-12-6
价格:GBP 225.00
装帧:Hardcover
isbn号码:9780415269377
丛书系列:

图书标签: 经济学  Finance  Economics   


The Art of Smooth Pasting 2024 pdf epub mobi 电子书 图书描述

This book aims to widen the understanding of stochastic dynamic choice and equilibrium models. It offers a simplified and heuristic exposition of the theory of Brownian motion and its control or regulation, rendering such methods more accessible to economists who do not require a detailed, mathematical treatment of the subject. The main mathematical ideas are presented in a context which with which economists will be familiar. Using a binomial approach to Brownian motion, the mathematics is reduced to simple algebra, progressing to some equally simple limits. The starting point of the calculus of Brownian motion - 'Ito's Lemma' - emerges by analogy with the economics of risk-aversion. Conditions for the optimal regulation of Brownian motion, including the important, but often mysterious, 'smooth pasting' condition, are derived in a similar way. Each theoretical derivation is illustrated by developing a significant economic application, drawn mainly from recent research in macroeconomics and international economics.

The Art of Smooth Pasting 2024 pdf epub mobi 电子书

The Art of Smooth Pasting 2024 pdf epub mobi 电子书
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立刻按 ctrl+D收藏本页
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The Art of Smooth Pasting 2024 pdf epub mobi 电子书


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