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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Stochastic Optimal Control and the U.S. Financial Debt Crisis

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

Stein, Jerome L.

Paperback

Business GeneralInvesting & FinanceProbability & Statistics

ISBN10: 1489986316
ISBN13: 9781489986313
Publisher: Springer Nature
Published: Apr 13 2014
Pages: 160
Weight: 0.56
Height: 0.38 Width: 6.14 Depth: 9.21
Language: English

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 a detailed framework depicting why such a methodology is best suited for reducing financial risk and addressing key regulatory issues. Topics discussed include the inadequacies of the current approaches underlying financial regulations, the use of SOC to explain debt crises and superiority over existing approaches to regulation, and the domestic and international applications of SOC to financial crises. Principles in this book will appeal to economists, mathematicians, and researchers interested in the U.S. financial debt crisis and optimal risk management.

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