Download the fantastic book titled Forward Looking Decision Making written by Robert E. Hall, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Forward Looking Decision Making", which was released on 08 February 2010. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Forward Looking Decision Making by Robert E. Hall PDF
Individuals and families make key decisions that impact many aspects of financial stability and determine the future of the economy. These decisions involve balancing current sacrifice against future benefits. People have to decide how much to invest in health care, exercise, their diet, and insurance. They must decide how much debt to take on, and how much to save. And they make choices about jobs that determine employment and unemployment levels. Forward-Looking Decision Making is about modeling this individual or family-based decision making using an optimizing dynamic programming model. Robert Hall first reviews ideas about dynamic programs and introduces new ideas about numerical solutions and the representation of solved models as Markov processes. He surveys recent research on the parameters of preferences--the intertemporal elasticity of substitution, the Frisch elasticity of labor supply, and the Frisch cross-elasticity. He then examines dynamic programming models applied to health spending, long-term care insurance, employment, entrepreneurial risk-taking, and consumer debt. Linking theory with data and applying them to real-world problems, Forward-Looking Decision Making uses dynamic optimization programming models to shed light on individual behaviors and their economic implications.
Detail About Forward Looking Decision Making PDF
- Author : Robert E. Hall
- Publisher : Princeton University Press
- Genre : Business & Economics
- Total Pages : 152 pages
- ISBN : 1400835267
- Release Date : 08 February 2010
- PDF File Size : 55,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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