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100   $a20091016d2010      uy         0
101 0 $aeng
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181   $ctxt
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183   $acr
200 10$aForward-looking decision making $edynamic-programming models applied to health, risk, employment, and financial stability /$fRobert E. Hall
205   $aCourse Book
210   $aPrinceton, N.J. $cPrinceton University Press$dc2010
215   $a1 online resource (145 p.)
225 1 $aThe Gorman lectures in economics
300   $aDescription based upon print version of record.
311   $a0-691-14242-4 
320   $aIncludes bibliographical references and index.
327   $t Frontmatter -- $tContents -- $tForeword / $rBlundell, Richard -- $tPreface -- $t1. Basic Analysis of Forward-Looking Decision Making -- $t2. Research on Properties of Preferences -- $t3. Health -- $t4. Insurance -- $t5. Employment -- $t6. Idiosyncratic Risk -- $t7. Financial Stability with Government-Guaranteed Debt -- $tReferences -- $tIndex -- $tThe Gorman Lectures in Economics / $rBlundell, Richard 
330   $aIndividuals and families make key decisions that impact many aspects of financial stability and determine the future of the economy. These decisions involve balancing current sacrifice against future benefits. People have to decide how much to invest in health care, exercise, their diet, and insurance. They must decide how much debt to take on, and how much to save. And they make choices about jobs that determine employment and unemployment levels. Forward-Looking Decision Making is about modeling this individual or family-based decision making using an optimizing dynamic programming model. Robert Hall first reviews ideas about dynamic programs and introduces new ideas about numerical solutions and the representation of solved models as Markov processes. He surveys recent research on the parameters of preferences--the intertemporal elasticity of substitution, the Frisch elasticity of labor supply, and the Frisch cross-elasticity. He then examines dynamic programming models applied to health spending, long-term care insurance, employment, entrepreneurial risk-taking, and consumer debt. Linking theory with data and applying them to real-world problems, Forward-Looking Decision Making uses dynamic optimization programming models to shed light on individual behaviors and their economic implications.
410  0$aGorman lectures in economics.
606   $aHouseholds$xDecision making$xEconometric models
606   $aFamilies$xDecision making$xEconometric models
606   $aDecision making$xEconometric models
615  0$aHouseholds$xDecision making$xEconometric models.
615  0$aFamilies$xDecision making$xEconometric models.
615  0$aDecision making$xEconometric models.
676   $a330.01/5195
700   $aHall$b Robert Ernest$f1943-$0264868
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910823534803321
996   $aForward-looking decision making$93922344
997   $aUNINA