Computable Economics - The Arne Ryde Memorial Lectures (Hardcover)

In the field of economic analysis, computability in the formation of economic hypotheses is seen as the way forward. In this book, Professor Velupillai implements a theoretical research program along these lines. Choice theory, learning rational expectations equlibria, the persistence of adaptive behaviour, arithmetical games, aspects of production theory, and economic dynamics are given recursion theoretic (i.e. computable) interpretations. These interpretations lead to new kinds of questions being posed by the economic theorist. In particular, recurison theoretic decision problems replace standard optimisation paradigms in economic analysis. Economic theoretic questions, posed recursion-theoretically, lead to answers that are ambiguous: undecidable choices, uncomputable learning processes, and algorithmically unplayable games become standard answers. Professor Velupillai argues that a recursion theoretic formalisation of economic analysisComputable Economicsmakes the subject intrinsically inductive and computational.

General

Imprint:	Oxford UniversityPress
Country of origin:	United Kingdom
Series:	Ryde Lectures
Release date:	2000
First published:	March 2000
Authors:	K. Velupillai (Department of Economics and the Centre for Experimental and Computational Economics, University of Trento, Italy, and Senior Professor of Economics at the Madras School of Economics, India)
Dimensions:	223 x 144 x 19mm (L x W x T)
Format:	Hardcover
Pages:	236
ISBN-13:	978-0-19-829527-3
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Computing & IT > General theory of computing > Mathematical theory of computation Books > Science & Mathematics > Mathematics > Applied mathematics > General Promotions
LSN:	0-19-829527-8
Barcode:	9780198295273

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