Hall, Robert E. :: Forward-Looking Decision Making: Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability

authors

Hall, Robert E.

url

https://www.degruyter.com/document/doi/10.1515/9781400835263/html

Book that explains a collection of approaches using dynamic programming in economics. Notable from the introduction are problems of intertemporal choice, family economics, various elasticities in macroeconomics ( the Frisch elasticity of labor supply and others ). Chapter 3 is devoted to a substantive model of aggregate health spending. Chapter 2 is titled "Properties of Preferences", which seems promising for a connection point to Preferences over Properties as discussed in Dietrich-List. I definitely do not have the assumed prerequisites to be the intended audience or this book, but I'm going to have fun reading it anyway. It seems like a reasonable jumping-off point to start learning about economics-proper, because it discusses the use and effectiveness of a tool (dynamic programming) in context (macroeconomics).

Primarily, however, this is of interest because the Nash equilibrium (and by extension many variants) are conceived of as a dynamic-programming algorithm. How does one go about designing other such searches through a possibility-space, and how to identify the foundational assumptions of each?