0
Your cart

Your cart is empty

Books > Business & Economics > Economics > Econometrics

Buy Now

Forward-Looking Decision Making - Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability (Hardcover) Loot Price: R1,498
Discovery Miles 14 980
You Save: R104 (6%)
Forward-Looking Decision Making - Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability...

Forward-Looking Decision Making - Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability (Hardcover)

Robert E. Hall

Series: The Gorman Lectures in Economics

 (sign in to rate)
List price R1,602 Loot Price R1,498 Discovery Miles 14 980 | Repayment Terms: R140 pm x 12* You Save R104 (6%)

Bookmark and Share

Expected to ship within 12 - 17 working days

Individuals and families make key decisions that impact many aspects of financial stability and determine the future of the economy. These decisions involve balancing current sacrifice against future benefits. People have to decide how much to invest in health care, exercise, their diet, and insurance. They must decide how much debt to take on, and how much to save. And they make choices about jobs that determine employment and unemployment levels. "Forward-Looking Decision Making" is about modeling this individual or family-based decision making using an optimizing dynamic programming model.

Robert Hall first reviews ideas about dynamic programs and introduces new ideas about numerical solutions and the representation of solved models as Markov processes. He surveys recent research on the parameters of preferences--the intertemporal elasticity of substitution, the Frisch elasticity of labor supply, and the Frisch cross-elasticity. He then examines dynamic programming models applied to health spending, long-term care insurance, employment, entrepreneurial risk-taking, and consumer debt.

Linking theory with data and applying them to real-world problems, "Forward-Looking Decision Making" uses dynamic optimization programming models to shed light on individual behaviors and their economic implications.

General

Imprint: Princeton University Press
Country of origin: United States
Series: The Gorman Lectures in Economics
Release date: February 2010
First published: 2010
Authors: Robert E. Hall
Dimensions: 216 x 140 x 20mm (L x W x T)
Format: Hardcover - Trade binding
Pages: 152
ISBN-13: 978-0-691-14242-5
Categories: Books > Business & Economics > Economics > Econometrics > General
Books > Business & Economics > Finance & accounting > Finance > General
Books > Science & Mathematics > Mathematics > Optimization > General
Books > Money & Finance > General
Promotions
LSN: 0-691-14242-4
Barcode: 9780691142425

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners