Dynamic Programming - Finite States

"Dynamic programming is used in almost every subfield of economics and operations research. This book studies dynamic programming and its applications in economics, finance, and adjacent fields. It brings together recent innovations in the theory of dynamic programming and provides applications and code for readers approaching the research frontier"--

Sommario

1. Introduction; 2. Operators and Fixed Points; 3. Markov Dynamics; 4. Optimal Stopping; 5. Markov Decision Processes; 6. Stochastic Discounting; 7. Nonlinear Valuation; 8. Recursive Decision Processes; 9. Abstract Dynamic Programming; 10; Continuous Time.

Info autore

Thomas J. Sargent is a Nobel prize winning economist and Professor of Economics at NYU. He has held positions at Stanford, Minnesota, Chicago, and Princeton, and served as President of the Econometric Society and of the American Economic Association. He is renowned for his influential research on macroeconomics, rational expectations, and policy analysis.John Stachurski is a Professor at the Australian National University specializing in mathematical and computational economics. As an economist he has made influential contributions to the study of Markov models and dynamic optimization. He is also a co-founder of QuantEcon, a popular platform for open source economic modelling.

Dettagli sul prodotto

• Autori: Thomas J Sargent, Thomas J (Hoover Institute ) Stachurski Sargent, John Stachurski
• Editore: Cambridge University Press ELT
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 31.07.2025
• EAN: 9781009540797
• ISBN: 978-1-0-0954079-7
• Pagine: 384
• Categorie: Scienze sociali, diritto, economia > Economia > Altro; Optimization, BUSINESS & ECONOMICS / Econometrics, Economic statistics, Econometrics, Dynamics & statics, Econometrics and economic statistics, Dynamics and statics