Book Search Options:  

 

 
Google full text of our books:

     
bookjacket

Forward-Looking Decision Making:
Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability
Robert E. Hall

Hardcover | 2010 | $64.00 | £43.95 | ISBN: 9780691142425
152 pp. | 5 1/2 x 8 1/2 | 30 line illus.
Add to Shopping Cart

eBook | ISBN: 9781400835263 |
Our eBook editions are available from these online vendors

Endorsements | Table of Contents
Chapter 1[PDF] pdf-icon

Google full text of this book:
 

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.

Endorsement:

"Forward-Looking Decision Making provides interesting applications of the dynamic programming approach for analyzing individual decisions that balance current and future welfare. The subjects are timely and the book contains a good selection of topics, united by a common analytical theme."--John Ermisch, University of Essex

Table of Contents

Series:

Subject Area:

Shopping Cart:

  • For ebooks:

Our eBook editions are available
from these online vendors:

  • Amazon Kindle Store
  • Barnes & Noble Nook Store
  • Google Play eBook Store
  • Intel Education Study eBook Store
  • Many of our ebooks are available through
    library electronic resources including these platforms:

  • Books at JSTOR
  • Ebrary
  • Ebook Library
  • EBSCO Ebooks
  • MyiLibrary
  • Dawsonera (UK)

  • For hardcover/paperback orders in United States, Canada, Latin America, Asia, and Australia

     Hardcover : $64.00 ISBN: 9780691142425

    Add to shopping cart
    View contents of your shopping cart

    For hardcover/paperback orders in Europe, Africa, the Middle East, India, and Pakistan

     Hardcover : £43.95 ISBN: 9780691142425

    Add to shopping cart
    View contents of your shopping cart

    Prices subject to change without notice

    File created: 8/1/2015

    Questions and comments to: webmaster@press.princeton.edu
    Princeton University Press

    New Book E-mails
    New In Print
    PUP Blog
    Videos/Audios
    Princeton APPS
    Sample Chapters
    Subjects
    Series
    Catalogs
    Princeton Legacy Library
    Exam/Desk Copy
    Textbooks
    Media/Reviewers
    Rights/Permissions
    Ordering
    Recent Awards
    Princeton Shorts
    Freshman Reading
    PUP Europe
    About Us
    Contact Us
    Links
    F.A.Q.
    PUP Home


    Bookmark and Share
    Send me emails
    about new books in:
    Economics
    More Choices