Search results
Results from the WOW.Com Content Network
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
Computational economics uses computer-based economic modeling to solve analytically and statistically formulated economic problems. A research program, to that end, is agent-based computational economics (ACE), the computational study of economic processes, including whole economies, as dynamic systems of interacting agents. [4]
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics.
Many problems in mathematical finance entail the computation of a particular integral (for instance the problem of finding the arbitrage-free value of a particular derivative). In many cases these integrals can be valued analytically , and in still more cases they can be valued using numerical integration , or computed using a partial ...
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
There are generally two approaches to solving optimal stopping problems. [4] When the underlying process (or the gain process) is described by its unconditional finite-dimensional distributions , the appropriate solution technique is the martingale approach, so called because it uses martingale theory, the most important concept being the Snell ...
In the latest Yahoo Finance Capitol Gains podcast, Tobin Marcus, head of policy for Wolfe Research, points out that in 2022, when inflation was close to its peak, Democrats outperformed in the ...
Financial economics studies how rational investors would apply decision theory to investment management.The subject is thus built on the foundations of microeconomics and derives several key results for the application of decision making under uncertainty to the financial markets.