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Stochastic Optimization in Continuous Time - Hardcover

 
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Synopsis

Most of the current books on stochastic control theory are written for students in mathematics or finance. This introduction is designed, however, for those interested in the relevance and applications of the theory's mathematical principles to economics. Therefore, mathematical methods are discussed intuitively and illustrated with economic examples. More importantly, mathematical concepts are introduced in language and terminology familiar to graduate students in economics.

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Book Description

This is an introduction to stochastic control theory with applications to economics. Most of the existing books on this subject are written for students in mathematics or in finance. For those who are interested in the relevance and applications of this mathematical machinery to economics, there must be a thorough and concise resource for learning. This book is designed for that purpose. The mathematical methods are discussed intuitively...

About the Author

Professor Chang received his BS from National Taiwan University, holds a PhD in Economics from the University of Chicago and a PhD in Mathematics from State University of New York at Stony Brook. His graduate-level courses include price theory sequence and mathematical economics (stochastic control theory and applications, economics of uncertainty). He has been an invited visiting scholar to the Center for Economic Studies (CES) of the...

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  • PublisherCambridge University Press
  • Publication date2004
  • ISBN 10 0521834066
  • ISBN 13 9780521834063
  • BindingHardcover
  • LanguageEnglish
  • Number of pages346

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