Optimal control theory seeks to determine control strategies that drive dynamical systems to meet performance objectives, while mixed-integer optimisation incorporates both continuous and discrete ...

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 ...

Merton, Robert C. "Analytical Optimal Control Theory as Applied to Stochastic and Non-Stochastic Economics." Diss., Massachusetts Institute of Technology (MIT), 1970.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Back in the distant dark days of 2012, the world was still struggling to recover from the financial crisis.

https://doi.org/10.15609/annaeconstat2009.133.0109 • https://www.jstor.org/stable/10.15609/annaeconstat2009.133.0109 Copy URL This paper studies the optimal ...