Stochastic Optimal Control and the U.S. Financial Debt Crisis

by Jerome L. Stein

Book Overview

Stochastic Optimal Control (SOC)-a mathematical theory concerned with minimizing a cost (or maximizing a payout) pertaining to a controlled dynamic process under uncertainty-has proven incredibly helpful to understanding and predicting debt crises and evaluating proposed financial regulation and risk management. Stochastic Optimal Control and the U.S. Financial Debt Crisis analyzes SOC in relation to the 2008 U.S. financial crisis, and offers...

• Format: Hardcover
• Language: English
• ISBN: 146143078X
• ISBN13: 9781461430780
• Release Date: March 2012
• Publisher: Springer
• Length: 160 Pages
• Weight: 0.94 lbs.
• Dimensions: 0.4" x 6.1" x 9.2"