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Today we face an incredibly complex array of interconnected water issues that cross multiple boundaries: Is water a property or a human right? How do we prioritize between economic utility and environmental sustainability? Do fish have more rights to water than irrigated grain? Can we reconcile competing cultural and religious values associated with water? How much water do people actually need? These questions share two key defining characteristics: (a) competing values, interests and information to frame the problem; and (b) differing views - of how to resolve a problem - are related...

The theory and applications of random dynamical systems (RDS) are at the cutting edge of research in mathematics and economics, particularly in modeling the long-run evolution of economic systems subject to exogenous random shocks. Despite this interest, there are no books available that solely focus on RDS in finance and economics. Exploring this emerging area, Random Dynamical Systems in Finance shows how to model RDS in financial applications.

Through numerous examples, the book explains how the theory of RDS can describe the asymptotic and qualitative...

Today we face an incredibly complex array of interconnected water issues that cross multiple boundaries: Is water a property or a human right? How do we prioritize between economic utility and environmental sustainability? Do fish have more rights to water than irrigated grain? Can we reconcile competing cultural and religious values associated with water? How much water do people actually need? These questions share two key defining characteristics: (a) competing values, interests and information to frame the problem; and (b) differing views - of how to resolve a problem - are related...