It takes the average reader 6 hours and 47 minutes to read Subgame Consistent Economic Optimization by David W.K. Yeung
Assuming a reading speed of 250 words per minute. Learn more
Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.
Subgame Consistent Economic Optimization by David W.K. Yeung is 403 pages long, and a total of 101,959 words.
This makes it 136% the length of the average book. It also has 125% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 9 hours and 17 minutes to read Subgame Consistent Economic Optimization aloud.
Subgame Consistent Economic Optimization is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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