Flexibility and Adjustment to Information in Sequential Decision Problems: A Systematic Approach (Lecture Notes in Economics and Mathematical Systems) - Couverture souple

Schmutzler, Armin

 
9783540546450: Flexibility and Adjustment to Information in Sequential Decision Problems: A Systematic Approach (Lecture Notes in Economics and Mathematical Systems)
Couverture souple
ISBN 10 : 3540546456 ISBN 13 : 9783540546450
Editeur : Springer, 1991

Synopsis

This book provides a systematic approach to sequential decision problems from the vantage point of economic theory. The emphasis is on the interplay between irreversibility, uncertainty and information. In particular, it is shown how flexibility (liquidity) considerations can be modelled in a general choice-theoretical framework. The book ties together differentstrands of literature. This aim is achieved by working in a sufficiently general framework that is illustrated by means of examples from capital and investment theory, environmental economics (including option value theory), monetary theory and management science. The systematic treatment of the subject is novel. In addition, a considerable number of newresults are proved, particularly in chapter 3. The reader can expect a relatively straightforward introduction to central ideas of intertemporal decision problems under uncertaintly, which he/she would otherwise have to extract from a rather disperse literature.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

This book provides a systematic approach to sequential decision problems from the vantage point of economic theory. The emphasis is on the interplay between irreversibility, uncertainty and information. In particular, it is shown how flexibility (liquidity) considerations can be modelled in a general choice-theoretical framework. The book ties together differentstrands of literature. This aim is achieved by working in a sufficiently general framework that is illustrated by means of examples from capital and investment theory, environmental economics (including option value theory), monetary theory and management science. The systematic treatment of the subject is novel. In addition, a considerable number of newresults are proved, particularly in chapter 3. The reader can expect a relatively straightforward introduction to central ideas of intertemporal decision problems under uncertaintly, which he/she would otherwise have to extract from a rather disperse literature.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer
Date d'édition
1991
Langue
anglais
ISBN 10 
3540546456
ISBN 13 
9783540546450
Reliure
Broché
Nombre de pages
212
Coordonnées du fabricant
ProductSafety@springernature.com
ProductSafety@springernature.com

Poststr. 9
Darmstadt
64293
Allemagne

Autres éditions populaires du même titre

9780387546452: Flexibility and Adjustment to Information in Sequential Decision Problems: A Systematic Approach

Edition présentée

ISBN 10 :  0387546456 ISBN 13 :  9780387546452
Editeur : Springer Verlag, 1991
Couverture rigide