Articles liés à Information and Efficiency in Economic Decision

Information and Efficiency in Economic Decision - Couverture rigide

Livre 28 sur 53: Advanced Studies in Theoretical and Applied Econometrics

Sengupta, Jati

 
9789024730728: Information and Efficiency in Economic Decision
Couverture rigide
ISBN 10 : 9024730724 ISBN 13 : 9789024730728
Editeur : Kluwer Academic Publishers, 1985

Synopsis

Use of information is basic to economic theory in two ways. As a basis for optimization, it is central to all normative hypotheses used in eco- nomics, but in decision-making situations it has stochastic and evolution- ary aspects that are more dynamic and hence more fundamental. This book provides an illustrative survey of the use of information in econom- ics and other decision sciences. Since this area is one of the most active fields of research in modern times, it is not possible to be definitive on all aspects of the issues involved. However questions that appear to be most important in this author's view are emphasized in many cases, without drawing any definite conclusions. It is hoped that these questions would provoke new interest for those beginning researchers in the field who are currently most active. Various classifications of information structures and their relevance for optimal decision-making in a stochastic environment are analyzed in some detail. Specifically the following areas are illustrated in its analytic aspects: 1. Stochastic optimization in linear economic models, 2. Stochastic models in dynamic economics with problems of time-inc- sistency, causality and estimation, 3. Optimal output-inventory decisions in stochastic markets, 4. Minimax policies in portfolio theory, 5. Methods of stochastic control and differential games, and 6. Adaptive information structures in decision models in economics and the theory of economic policy.

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

Éditeur
Kluwer Academic Publishers
Date d'édition
1985
Langue
anglais
ISBN 10 
9024730724
ISBN 13 
9789024730728
Reliure
Relié
Nombre de pages
494
Coordonnées du fabricant
non disponible
Personne responsable
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