Optimal control theory provides a mathematical framework for devising strategies that steer dynamical systems towards a desired performance while minimising a prescribed cost function. In recent ...
The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is ...
Optimal control theory for differential equations is a pivotal discipline that combines rigorous mathematical analysis with practical applications in engineering, economics, and the natural sciences.
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A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...