Accession Number : AD0282169

Title :   ADAPTIVE PROCESSES IN ECONOMIC SYSTEMS,

Corporate Author : STANFORD UNIV CALIF APPLIED MATHEMATICS AND STATISTICS LABS

Personal Author(s) : Murphy,Roy E. , Jr

Report Date : 30 JUL 1962

Pagination or Media Count : 202

Abstract : Contents: Introduction: The adaptive process in social systems, Adaptive processes in biological systems, Adaptive processes in cybernetics, The fundamental properties of adaptive processes, The adaptive principle of optimality, The general adaptive process, The stochastic growth process, The binomial investment process, Some investment processes other than the binomial process, The most likely probability distribution function for the underlying stochastic process, Entry of the new investor into the market, Statistical equilibrium in the investment market.

Descriptors :   (*ECONOMICS), (*PROBABILITY), (*DECISION MAKING), (*SOCIAL SCIENCES), COMMUNICATION AND RADIO SYSTEMS, STATISTICAL ANALYSIS, STATISTICAL PROCESSES, MONEY, INFORMATION THEORY, SELECTION, GAMES THEORY, CYBERNETICS, BINOMIALS, THEORY, ECONOMICS

Distribution Statement : APPROVED FOR PUBLIC RELEASE