Optimal Control, Expectations and Uncertainty

The rational expectations revolution (notably game theory) has fundamentally altered the application of optimal control theory to economic forecasting and planning. In particular, it has shown that economic systems cannot be modelled simplistically on physical systems. However, as the authors of this volume show, this and other economic developments have greatly enhanced our understanding of how an economy functions.Holly, Sean is the author of 'Optimal Control, Expectations and Uncertainty' with ISBN 9780521264440 and ISBN 0521264448.