LQ Dynamic Optimization and Differential Games - Hardcover

Engwerda, Jacob

 
9780470015247: LQ Dynamic Optimization and Differential Games
Hardcover
ISBN 10: 0470015241 ISBN 13: 9780470015247
Publisher: Wiley, 2005

Synopsis

Game theory is the theory of social situations, and the majority of research into the topic focuses on how groups of people interact by developing formulas and algorithms to identify optimal strategies and to predict the outcome of interactions. Only fifty years old, it has already revolutionized economics and finance, and is spreading rapidly to a wide variety of fields.

LQ Dynamic Optimization and Differential Games is an assessment of the state of the art in its field and the first modern book on linear-quadratic game theory, one of the most commonly used tools for modelling and analysing strategic decision making problems in economics and management. Linear quadratic dynamic models have a long tradition in economics, operations research and control engineering; and the author begins by describing the one-decision maker LQ dynamic optimization problem before introducing LQ differential games.

  • Covers cooperative and non-cooperative scenarios, and treats the standard information structures (open-loop and feedback).
  • Includes real-life economic examples to illustrate theoretical concepts and results.
  • Presents problem formulations and sound mathematical problem analysis.
  • Includes exercises and solutions, enabling use for self-study or as a course text.
  • Supported by a website featuring solutions to exercises, further examples and computer code for numerical examples.

LQ Dynamic Optimization and Differential Games offers a comprehensive introduction to the theory and practice of this extensively used class of economic models, and will appeal to applied mathematicians and econometricians as well as researchers and senior undergraduate/graduate students in economics, mathematics, engineering and management science.

"synopsis" may belong to another edition of this title.

About the Author

Jacob Engwerda is the author of LQ Dynamic Optimization and Differential Games, published by Wiley.

From the Back Cover

Game theory is the theory of social situations, and the majority of research into the topic focuses on how groups of people interact by developing formulas and algorithms to identify optimal strategies and to predict the outcome of interactions. Only fifty years old, it has already revolutionized economics and finance, and is spreading rapidly to a wide variety of fields.

LQ Dynamic Optimization and Differential Games is an assessment of the state of the art in its field and the first modern book on linear-quadratic game theory, one of the most commonly used tools for modelling and analysing strategic decision making problems in economics and management. Linear quadratic dynamic models have a long tradition in economics, operations research and control engineering; and the author begins by describing the one-decision maker LQ dynamic optimization problem before introducing LQ differential games.

  • Covers cooperative and non-cooperative scenarios, and treats the standard information structures (open-loop and feedback).
  • Includes real-life economic examples to illustrate theoretical concepts and results.
  • Presents problem formulations and sound mathematical problem analysis.
  • Includes exercises and solutions, enabling use for self-study or as a course text.
  • Supported by a website featuring solutions to exercises, further examples and computer code for numerical examples.

LQ Dynamic Optimization and Differential Games offers a comprehensive introduction to the theory and practice of this extensively used class of economic models, and will appeal to applied mathematicians and econometricians as well as researchers and senior undergraduate/graduate students in economics, mathematics, engineering and management science.

From the Inside Flap

Game theory is the theory of social situations, and the majority of research into the topic focuses on how groups of people interact by developing formulas and algorithms to identify optimal strategies and to predict the outcome of interactions. Only fifty years old, it has already revolutionized economics and finance, and is spreading rapidly to a wide variety of fields.

LQ Dynamic Optimization and Differential Games is an assessment of the state of the art in its field and the first modern book on linear-quadratic game theory, one of the most commonly used tools for modelling and analysing strategic decision making problems in economics and management. Linear quadratic dynamic models have a long tradition in economics, operations research and control engineering; and the author begins by describing the one-decision maker LQ dynamic optimization problem before introducing LQ differential games.

  • Covers cooperative and non-cooperative scenarios, and treats the standard information structures (open-loop and feedback).
  • Includes real-life economic examples to illustrate theoretical concepts and results.
  • Presents problem formulations and sound mathematical problem analysis.
  • Includes exercises and solutions, enabling use for self-study or as a course text.
  • Supported by a website featuring solutions to exercises, further examples and computer code for numerical examples.

LQ Dynamic Optimization and Differential Games offers a comprehensive introduction to the theory and practice of this extensively used class of economic models, and will appeal to applied mathematicians and econometricians as well as researchers and senior undergraduate/graduate students in economics, mathematics, engineering and management science.

"About this title" may belong to another edition of this title.

Publisher
Wiley
Publication date
2005
Language
English
ISBN 10 
0470015241
ISBN 13 
9780470015247
Binding
Hardcover
Edition number
1
Number of pages
512

Other Popular Editions of the Same Title

9780470015254: LQ Dynamic Optimization and Differential Games

Featured Edition

ISBN 10:  047001525X ISBN 13:  9780470015254
Publisher: Wiley–Blackwell, 2005
Softcover