Stochastic Economic Dynamics is a comprehensive work spanning forty-five chapters and more than thirteen hundred pages, in which the entire edifice of economic theory is reconstructed upon stochastic principles. Beginning with a critical history of economic thought, the work proceeds through measure-theoretic probability, stochastic differential equations, Ito calculus, martingale theory and optimal control, before turning to the microstructure of markets, the dynamics of growth and fluctuation, the mathematics of risk and ruin, and the computational methods that render these ideas operational. What distinguishes this treatise is its insistence that randomness is not a nuisance to be averaged away but the very fabric from which economic reality is woven. This is a work for the reader who demands both mathematical precision and intellectual depth: the graduate student seeking a unified treatment, the researcher pursuing new directions, and the practitioner who wishes to understand the stochastic machinery beneath the models they deploy.
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Paperback. Etat : new. Paperback. Stochastic Economic Dynamics is a comprehensive work spanning forty-five chapters and more than thirteen hundred pages, in which the entire edifice of economic theory is reconstructed upon stochastic principles. Beginning with a critical history of economic thought, the work proceeds through measure-theoretic probability, stochastic differential equations, Ito calculus, martingale theory and optimal control, before turning to the microstructure of markets, the dynamics of growth and fluctuation, the mathematics of risk and ruin, and the computational methods that render these ideas operational. What distinguishes this treatise is its insistence that randomness is not a nuisance to be averaged away but the very fabric from which economic reality is woven. This is a work for the reader who demands both mathematical precision and intellectual depth: the graduate student seeking a unified treatment, the researcher pursuing new directions, and the practitioner who wishes to understand the stochastic machinery beneath the models they deploy. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. N° de réf. du vendeur 9798257698651
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Paperback. Etat : new. Paperback. Stochastic Economic Dynamics is a comprehensive work spanning forty-five chapters and more than thirteen hundred pages, in which the entire edifice of economic theory is reconstructed upon stochastic principles. Beginning with a critical history of economic thought, the work proceeds through measure-theoretic probability, stochastic differential equations, Ito calculus, martingale theory and optimal control, before turning to the microstructure of markets, the dynamics of growth and fluctuation, the mathematics of risk and ruin, and the computational methods that render these ideas operational. What distinguishes this treatise is its insistence that randomness is not a nuisance to be averaged away but the very fabric from which economic reality is woven. This is a work for the reader who demands both mathematical precision and intellectual depth: the graduate student seeking a unified treatment, the researcher pursuing new directions, and the practitioner who wishes to understand the stochastic machinery beneath the models they deploy. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. N° de réf. du vendeur 9798257698651
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