Forward-looking decision making:dynamic-programming models applied to health, risk, employment, and financial stability

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Bibliographic Details
Main Authors: Hall Robert Ernest 1943-
Published: Princeton University Press,
Publisher Address: Princeton, N.J.
Publication Dates: c2010.
Literature type: Book
Language: English
Series: The Gorman lectures in economics
Subjects:
Carrier Form: xiii, 126 p.: ill. ; 22 cm.
ISBN: 9780691142425 (alk. paper)
0691142424 (alk. paper)
Index Number: F063
CLC: F063.4
Call Number: F063.4/H178
Contents: Includes bibliographical references (p.[119]-122) and index.
"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.