How Long to Read Time-Inconsistent Control Theory with Finance Applications

By Tomas Björk

How Long Does it Take to Read Time-Inconsistent Control Theory with Finance Applications?

It takes the average reader 5 hours and 38 minutes to read Time-Inconsistent Control Theory with Finance Applications by Tomas Björk

Assuming a reading speed of 250 words per minute. Learn more

Description

This book is devoted to problems of stochastic control and stopping that are time inconsistent in the sense that they do not admit a Bellman optimality principle. These problems are cast in a game-theoretic framework, with the focus on subgame-perfect Nash equilibrium strategies. The general theory is illustrated with a number of finance applications. In dynamic choice problems, time inconsistency is the rule rather than the exception. Indeed, as Robert H. Strotz pointed out in his seminal 1955 paper, relaxing the widely used ad hoc assumption of exponential discounting gives rise to time...

How long is Time-Inconsistent Control Theory with Finance Applications?

Time-Inconsistent Control Theory with Finance Applications by Tomas Björk is 328 pages long, and a total of 84,624 words.

This makes it 111% the length of the average book. It also has 103% more words than the average book.

How Long Does it Take to Read Time-Inconsistent Control Theory with Finance Applications Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 42 minutes to read Time-Inconsistent Control Theory with Finance Applications aloud.

What Reading Level is Time-Inconsistent Control Theory with Finance Applications?

Time-Inconsistent Control Theory with Finance Applications 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.

Where Can I Buy Time-Inconsistent Control Theory with Finance Applications?

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