wyszukanych pozycji: 2
Time-Inconsistent Control Theory with Finance Applications
ISBN: 9783030818425 / Angielski / Twarda / 2021 / 314 str. Termin realizacji zamówienia: ok. 20 dni roboczych. |
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cena:
506,99 zł |
Time-Inconsistent Control Theory with Finance Applications
ISBN: 9783030818456 / Angielski / Miękka / 2022 / 326 str. Termin realizacji zamówienia: ok. 20 dni roboczych. This book is devoted to problems of stochastic control and stopping that are time inconsistent in the sense that they do not admit a Bellman optimality principle. These problems are cast in a game-theoretic framework, with the focus on subgame-perfect Nash equilibrium strategies. The general theory is illustrated with a number of finance applications.In dynamic choice problems, time inconsistency is the rule rather than the exception. Indeed, as Robert H. Strotz pointed out in his seminal 1955 paper, relaxing the widely used ad hoc assumption of exponential discounting gives rise to time...
This book is devoted to problems of stochastic control and stopping that are time inconsistent in the sense that they do not admit a Bellman optimalit...
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cena:
506,99 zł |