This book aims to widen the understanding of stochastic dynamic choice and equilibrium models. It offers a simplified and heuristic exposition of the theory of Brownian motion and its control or regulation, rendering such methods more accessible to economists who do not require a detailed, mathematical treatment of the subject. The main mathematical ideas are presented in a context which with which economists will be familiar. Using a binomial approach to Brownian m...
[PDF.xk88] The Art of Smooth Pasting: Volume 1 (Harwood Fundamentals of Pure and Applied Economics) Rating: 4.86 (525 Votes)
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