Stochastic Economic Dynamics (Paperback)
  • Stochastic Economic Dynamics (Paperback)
zoom

Stochastic Economic Dynamics (Paperback)

(editor), (editor)
£29.00
Paperback 438 Pages / Published: 02/07/2007
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
This book analyses stochastic dynamic systems across a broad spectrum in economics and finance. The major unifying theme is the coherent and rigorous treatment of uncertainty and its implications for describing stochastic processes by the stochastic differential equations of the fundamental models in various fields. Pertinent subjects are interrelated, juxtaposed, and examined for consistency in theoretical and empirical contexts. The volume consists of three parts: Developments in Stochastic Dynamics; Stochastic Dynamics in Basic Economic Growth Models; Intertemporal Optimisation in Consumption, Finance, and Growth. Key topics include: fractional Brownian motion in finance; moment evolution of Gaussian and geometric Wiener diffusions; stochastic kinematics and stochastic mechanics; stochastic growth in continuous time; time delays and Hopf bifurcation; consumption and investment strategies; differential systems in finance and life insurance; uncertainty of technological innovations; investment and employment cycles; stochastic control theory; and risk aversion. The works collected in this book serves to bridge the "old" deterministic dynamics and the "new" stochastic dynamics. The collection is important for scholars and advanced graduate students of economics, statistics, and applied mathematics.

Publisher: Copenhagen Business School Press
ISBN: 9788763001854
Number of pages: 438
Weight: 694 g
Dimensions: 230 x 155 x 28 mm

You may also be interested in...

Poor Economics
Added to basket
£9.99
Paperback
The Great Degeneration
Added to basket
The Great Crash 1929
Added to basket
This Changes Everything
Added to basket
The Invisible Hand
Added to basket
£4.99
Paperback
The Bottom Billion
Added to basket
£9.99
Paperback
The Wealth Of Nations
Added to basket
Superfreakonomics
Added to basket
The Road to Serfdom
Added to basket
£15.99
Paperback
Guns, Germs And Steel
Added to basket
£10.99   £8.99
Paperback
The Money Machine
Added to basket
£10.99
Paperback
How Much is Enough?
Added to basket
The Ascent of Money
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.