Ebook: Stochastic Optimal Control and the U.S. Financial Debt Crisis

Stochastic Optimal Control (SOC)—a mathematical theory concerned with minimizing a cost (or maximizing a payout) pertaining to a controlled dynamic process under uncertainty—has proven incredibly helpful to understanding and predicting debt crises and evaluating proposed financial regulation and risk management. Stochastic Optimal Control and the U.S. Financial Debt Crisis analyzes SOC in relation to the 2008 U.S. financial crisis, and offers a detailed framework depicting why such a methodology is best suited for reducing financial risk and addressing key regulatory issues. Topics discussed include the inadequacies of the current approaches underlying financial regulations, the use of SOC to explain debt crises and superiority over existing approaches to regulation, and the domestic and international applications of SOC to financial crises. Principles in this book will appeal to economists, mathematicians, and researchers interested in the U.S. financial debt crisis and optimal risk management.

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Stochastic Optimal Control (SOC)—a mathematical theory concerned with minimizing a cost (or maximizing a payout) pertaining to a controlled dynamic process under uncertainty—has proven incredibly helpful to understanding and predicting debt crises and evaluating proposed financial regulation and risk management. Stochastic Optimal Control and the U.S. Financial Debt Crisis analyzes SOC in relation to the 2008 U.S. financial crisis, and offers a detailed framework depicting why such a methodology is best suited for reducing financial risk and addressing key regulatory issues. Topics discussed include the inadequacies of the current approaches underlying financial regulations, the use of SOC to explain debt crises and superiority over existing approaches to regulation, and the domestic and international applications of SOC to financial crises. Principles in this book will appeal to economists, mathematicians, and researchers interested in the U.S. financial debt crisis and optimal risk management. Introduction -- The Fed, IMF and Disregarded Warnings -- Failure of the Quants -- Philosophy of Stochastic Optimal Control Analysis (SOC) -- Application of Stochastic Optimal Control (SOC) to the US Financial Debt Crisis -- AIG in the Crisis -- Crisis of the 1980s -- The Diversity of Debt Crises in Europe

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Introduction -- The Fed, IMF and Disregarded Warnings -- Failure of the Quants -- Philosophy of Stochastic Optimal Control Analysis (SOC) -- Application of Stochastic Optimal Control (SOC) to the US Financial Debt Crisis -- AIG in the Crisis -- Crisis of the 1980s -- The Diversity of Debt Crises in Europe

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While several available texts discuss molded plastic optics, none provide information on all classes of molded optics. Filling this gap, Molded Optics: Design and Manufacture presents detailed descriptions of molded plastic, glass, and infrared optics. Since an understanding of the manufacturing process is necessary to develop cost-effective, producible designs, the book extensively covers various manufacturing methods, design guidelines, trade-offs, best practices, and testing of critical parameters. It also discusses topics that often arise when designing systems with molded optics, such as mitigating stray light and mating systems by eye. The first three chapters of the book focus on subjects important to the design of systems using molded optics: optical design, visual optics, and stray light. Following these background chapters, the text provides in-depth information on the design and manufacture of molded plastic optics, molded glass optics, and molded infrared optics. The final chapter on testing emphasizes the special characteristics of molded optics. Experts in their particular areas, the authors draw on their considerable knowledge and real-world experiences to give a thorough account of the design and manufacture of molded plastic, glass, and infrared optics. The book will help readers improve their ability to develop systems that employ molded optics Introduction -- The Fed, IMF and Disregarded Warnings -- Failure of the Quants -- Philosophy of Stochastic Optimal Control Analysis (SOC) -- Application of Stochastic Optimal Control (SOC) to the US Financial Debt Crisis -- AIG in the Crisis -- Crisis of the 1980s -- The Diversity of Debt Crises in Europe