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Applied Decision Analysis and Economic Behaviour
. Ed(S): Hallett, Andrew J. Hughes (Vanderbilt University, Dept. Of Economics, Nashville, Tn, Usa)
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Description for Applied Decision Analysis and Economic Behaviour
Paperback. Editor(s): Hallett, Andrew J. Hughes (Vanderbilt University, Dept. of Economics, Nashville, TN, USA). Series: Advanced Studies in Theoretical and Applied Econometrics. Num Pages: 372 pages, biography. BIC Classification: KCH; KCM. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 19. Weight in Grams: 569.
The optimisation of economic systems over time, and in an uncertain environment, is central to the study of economic behaviour. The behaviour of rational decision makers, whether they are market agents, firms, or governments and their agencies, is governed by decisions designed to seeure the best outcomes subject to the perceived information and economic responses (inlcuding those of other agents). Economic behaviour has therefore to be analysed in terms of the outcomes of a multiperiod stochastic optimisation process containing four main components: the economic responses (the dynamic constraints, represented by an economic model); the objec tive function (the goals and ... Read more
The optimisation of economic systems over time, and in an uncertain environment, is central to the study of economic behaviour. The behaviour of rational decision makers, whether they are market agents, firms, or governments and their agencies, is governed by decisions designed to seeure the best outcomes subject to the perceived information and economic responses (inlcuding those of other agents). Economic behaviour has therefore to be analysed in terms of the outcomes of a multiperiod stochastic optimisation process containing four main components: the economic responses (the dynamic constraints, represented by an economic model); the objec tive function (the goals and ... Read more
Product Details
Format
Paperback
Publication date
2011
Publisher
Springer Netherlands
Number of pages
372
Condition
New
Series
Advanced Studies in Theoretical and Applied Econometrics
Number of Pages
370
Place of Publication
Dordrecht, Netherlands
ISBN
9789400961630
SKU
V9789400961630
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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