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The book delves into Stochastic Optimal Control (SOC), a mathematical framework aimed at optimizing costs or maximizing returns in dynamic processes influenced by uncertainty. It highlights SOC's significant applications in analyzing debt crises and assessing financial regulations and risk management strategies, providing valuable insights into navigating complex financial landscapes.
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Stochastic Optimal Control and the U.S. Financial Debt Crisis, Jerome L. Stein
- Language
- Released
- 2012
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- (Hardcover)
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