{"product_id":"9781461430780","title":"Stochastic Optimal Control and the U.S. Financial Debt Crisis","description":"\u003ch1\u003eStochastic Optimal Control and the U.S. Financial Debt Crisis\u003c\/h1\u003e \u003ch2\u003eStein, Jerome L.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eStochastic 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. \u003ci\u003eStochastic Optimal Control and the U.S. Financial Debt Crisis\u003c\/i\u003e 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.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-03-30\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461430780\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4614-3079-7\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 160\u003c\/p\u003e ","brand":"Springer New York","offers":[{"title":"Default Title","offer_id":47672975949964,"sku":"9781461430780","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461430780.jpg?v=1776526381","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781461430780","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}