Time-Inconsistent Control Theory with Finance Applications (Springer Finance) - Image 1

£83.49

Springer Time-Inconsistent Control Theory with Finance Applications (Springer Finance)

Name: Time-Inconsistent Control Theory with Finance Applications (Springer Finance)
Brand: Springer
Price: 83.49 GBP
Availability: InStock

Sd-mo25

Investments & Securities

This is the usual price. Wait for it to drop, or tell us your number.

£83 today · usual range £0–£0 · best ever £55

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 639 days • 639 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 639 days • 4 price ranges

Days at Price

Current Price

Price Analysis

Most common range: £79-85 (263 days, 41.2%)

Price range: £55 - £85

Price levels: 4 price ranges over 639 days

Description

This book is devoted to problems of stochastic control and stopping that are time inconsistent in the sense that they do not admit a Bellman optimality principle. These problems are cast in a game-theoretic framework, with the focus on subgame-perfect Nash equilibrium strategies. The general theory is illustrated with a number of finance applications. In dynamic choice problems, time inconsistency is the rule rather than the exception. Indeed, as Robert H. Strotz pointed out in his seminal 1955 paper, relaxing the widely used ad hoc assumption of exponential discounting gives rise to time inconsistency. Other famous examples of time inconsistency include mean-variance portfolio choice and prospect theory in a dynamic context. For such models, the very concept of optimality becomes problematic, as the decision maker’s preferences change over time in a temporally inconsistent way. In this book, a time-inconsistent problem is viewed as a non-cooperative game between the agent’s currentand future selves, with the objective of finding intrapersonal equilibria in the game-theoretic sense. A range of finance applications are provided, including problems with non-exponential discounting, mean-variance objective, time-inconsistent linear quadratic regulator, probability distortion, and market equilibrium with time-inconsistent preferences. Time-Inconsistent Control Theory with Finance Applications offers the first comprehensive treatment of time-inconsistent control and stopping problems, in both continuous and discrete time, and in the context of finance applications. Intended for researchers and graduate students in the fields of finance and economics, it includes a review of the standard time-consistent results, bibliographical notes, as well as detailed examples showcasing time inconsistency problems. For the reader unacquainted with standard arbitrage theory, an appendix provides a toolbox of material needed for the book.

Key Features

MAIN MATERIAL: 100% Polyester & Coral Fleece

SIZE: 8' X 8'(240CM * 240CM)(94.5" X 94.5")

SUPER SOFT AND COMFORTABLE: This modern area rug is machine woven with breathable point plastic anti-slip bottom prevent the rug from sliding. Super soft comfortable and skin-friendly coral fleece Non Shedding promotes an incredibly soft feeling underfoot. Ensure safety and Good for your health .

EASY CLEAN AND DRYING FAST: Strong water absorption, easy-care and virtually non-shedding rug, It easy to clean and dry fast, very durable, non-slip and can machine washable. As a Portable rug, you can makes it easy to take outside to shake the dirt out, Or vacuum it with a low-power handheld vacuum. Machine Wash Method: wash the rug in cold water on gentle {delicate} short cycle then lay it flat to dry.

MULTI-FUNCTION & USE OCCASION: 100% Non-Toxic & Hypoallergenic and good for your health, The contemporary area rug adds the perfect modern touch to your space. That's timeless designs stand out in any room; Suitable for home decorate, children play, women yoga and pets carpet. Ensuring it will be a favorite for a long time.

Product Specifications

Brand: Springer
Colour: Sd-mo25
Size: 8' X 8'
Format: Paperback
ASIN: 3030818454
Category: Books > Subjects > Business, Finance & Law > Professional Finance > Investments & Securities
Domain: Amazon UK
Release Date: 04 November 2022
Listed Since: 19 August 2020

Barcode

No barcode data available

Springer Time-Inconsistent Control Theory with Finance Applications (Springer Finance)

This is the usual price. Wait for it to drop, or tell us your number.

Price History & Forecast

Price Distribution

Price Analysis

Description

Key Features

Product Specifications

Barcode

Similar Products You Might Like

Time-Inconsistent Control Theory with Finance Applications (Springer Finance)

The Foundations of Continuous Time Finance (The International Library of Critical Writings in Financial Economics series)

The Economics of Continuous–Time Finance (The MIT Press)

Stochastic Control Theory: Dynamic Programming Principle: 72 (Probability Theory and Stochastic Modelling, 72)

Arbitrage Theory in Continuous Time (Oxford Finance Series)

Markets with Transaction Costs: Mathematical Theory (Springer Finance)

Developments of Control Theory for Economic Analysis: 7 (Advanced Studies in Theoretical and Applied Econometrics, 7)

Asset Pricing: Modeling and Estimation (Springer Finance)

Nonlinearity, Bounded Rationality, and Heterogeneity: Some Aspects of Market Economies as Complex Systems

Financial Modeling: A Backward Stochastic Differential Equations Perspective (Springer Finance)

Optimal Mean Reversion Trading: Mathematical Analysis And Practical Applications: 1 (Modern Trends In Financial Engineering)

Game-Theoretic Foundations for Probability and Finance: 455 (Wiley Series in Probability and Statistics)

Games and Dynamics in Economics: Essays in Honor of Akio Matsumoto

Games and Dynamics in Economics: Essays in Honor of Akio Matsumoto

Econophysics and Financial Economics: An Emerging Dialogue

Dynamic Analysis in Complex Economic Environments: Essays in Honor of Christophe Deissenberg: 26 (Dynamic Modeling and Econometrics in Economics and Finance, 26)

Routledge - Earnings Management and Fintech-Driven Incentives

Stochastic Finance: An Introduction in Discrete Time (De Gruyter Textbook)

Digital Designs for Money, Markets, and Social Dilemmas: 28 (Evolutionary Economics and Social Complexity Science, 28)

Financial Mathematics

Economic Complexity and Equilibrium Illusion: Essays on Market Instability and Macro Vitality: 130 (Routledge Frontiers of Political Economy)

Advanced Microeconomics for Contract, Institutional, and Organizational Economics

Advances in Dynamic and Evolutionary Games: Theory, Applications, and Numerical Methods: 14 (Annals of the International Society of Dynamic Games, 14)

Financial Modelling with Forward-looking Information: An Intuitive Approach to Asset Pricing (Contributions to Management Science)