eBook - PDF

Adaptive Processes in Economic Systems

Name: Adaptive Processes in Economic Systems
Author: Roy E. Murphy, Richard Bellman

Roy E. Murphy,

Richard Bellman,

224 pages
English
PDF
Available on iOS & Android

eBook - PDF

Adaptive Processes in Economic Systems

Roy E. Murphy,

Richard Bellman,

About this book

Mathematics in Science and Engineering, Volume 20, Adaptive Processes in Economic Systems demonstrates the usefulness of communications theory, self-adaptive control theory, and thermodynamic theory to certain economic processes. This book discusses the common properties of adaptive processes, role of the decision maker, and mixed adaptive processes of the first and second kind. The economic environmental processes, concept of entropy time, and stochastic dynamic economic process are also elaborated. This text likewise covers the investment model with full liquidity, adaptive capital allocation process, and concept of an economic state space. Other topics include the stochastic equilibrium in the market and individual adaptive behavior. This volume is suitable for engineers, economists, and specialists of disciplines related to economic systems.

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Yes, you can access Adaptive Processes in Economic Systems by Roy E. Murphy, Richard Bellman in PDF and/or ePUB format, as well as other popular books in Mathematics & Applied Mathematics. We have over one million books available in our catalogue for you to explore.