steindl on stochastic processes

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ID: 137731
2012
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Abstract
Steindl’s work on stochastic processes aims to describe the economy as in a state of imbalance, due to the fact that its starting conditions are an accident of history, and nobody has a clue what tomorrow will bring. This does not mean that we cannot imagine a balanced distribution – when the various forces of change are constant – as a way of pointing out certain fundamental characteristics. Such a purpose is compatible with the use of stochastic models, because these also entail the study of systematic phenomena. In fact, what we often describe as ‘random’ is the result of lots and lots of independent forces acting together on a particular phenomenon.
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corsi2012pslsteindl Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Marcella Corsi
Journal Journal of environmental quality
Year 2012
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