[Read free ebook] The Art of Smooth Pasting: Volume 1 (Harwood Fundamentals of Pure and Applied Economics)






 | #1909194 in eBooks |  2013-11-12 |  2013-11-12 | File Name: B00GN62E5E

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...


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