Forward-looking decision making dynamic programming models applied to health, risk, employment, and financial stability (the gorman lectures in economics)

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 insuran...

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Bibliographic Details
Main Author: Hall, Robert E
Format: eBook Book
Language:English
Published: Princeton Princeton University Press 2010
Princeton Univ. Press
Edition:1
Series:The Gorman Lectures in Economics
Subjects:
Actuarial Value
Adverse selection
Amy Finkelstein
Annuity
Annuity (American)
Assisted living
Behavioral economics
Bellman equation
Budget constraint
BUSINESS & ECONOMICS
BUSINESS & ECONOMICS / Econometrics
BUSINESS & ECONOMICS / Finance / General
Business cycle
Calculation
Capital asset pricing model
Cohort analysis
Consumer choice
Consumer Expenditure Survey
Consumption (economics)
Decision making
Decision making > Econometric models
Demand
Demand curve
Discounting
Dynamic programming
Dynamische Optimierung
Econometric model
Econometric models
Econometrics
Economic equilibrium
Economics
Economist
Economy
Economy of the United States
Elasticity of intertemporal substitution
Elasticity of substitution
Employment
Entrepreneurship
Equal Weight
Expected value
Families
Families > Decision making > Econometric models
Family economics
Family income
Finance
Frisch elasticity of labor supply
Fundamental analysis
Haushaltsökonomik
Household
Households
Households > Decision making > Econometric models
Income
Inference
Insurance
Interest rate
Intertemporal choice
Investment
Investor
Labour supply
Latent variable
Life expectancy
Long run and short run
Long-term care insurance
Longevity
Macroeconomics
Marginal cost
Marginal product
Marginal product of labor
Marginal propensity to consume
Marginal rate of substitution
Marginal utility
Market clearing
Markov chain
Markov process
Mathematical optimization
Mathematics
MATHEMATICS / Linear & Nonlinear Programming
Medicaid
Mortality rate
National Bureau of Economic Research
Percentile
Permanent income hypothesis
Policy
Preference (economics)
Present value
Pricing
Präferenztheorie
Theorie
Policy
Percentile
Consumption (economics)
Interest rate
Income
Consumer choice
Present value
Amy Finkelstein
Discounting
Calculation
Economy of the United States
Medicaid
Marginal rate of substitution
Demand
Economics
Labour supply
Life expectancy
Household
Marginal propensity to consume
Annuity (American)
Inference
Long run and short run
Longevity
Long-term care insurance
Budget constraint
Economist
Expected value
Annuity
Business cycle
Adverse selection
Economic equilibrium
Mathematical optimization
Actuarial Value
National Bureau of Economic Research
Elasticity of substitution
Fundamental analysis
Investment
Markov process
Marginal product
Latent variable
Markov chain
Consumer Expenditure Survey
Economy
Mortality rate
Employment
Family economics
Pricing
Marginal utility
Dynamic programming
Macroeconomics
Preference (economics)
Bellman equation
Family income
Econometric model
Permanent income hypothesis
Demand curve
Equal Weight
Behavioral economics
Intertemporal choice
Frisch elasticity of labor supply
Marginal product of labor
Cohort analysis
Elasticity of intertemporal substitution
Market clearing
Entrepreneurship
Insurance
Assisted living
Capital asset pricing model
Investor
Marginal cost
ISBN:9780691142425, 1400835267, 0691142424, 9781400835263
Online Access:Get full text
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Description
Summary: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.
Bibliography:Includes bibliographical references (p. [119]-122) and index
ISBN:9780691142425
1400835267
0691142424
9781400835263
DOI:10.1515/9781400835263