Titlebook: Dynamic Probabilistic Models and Social Structure; Essays on Socioecono Guillermo L. Gómez M. Book 1992 Springer Science+Business Media Dor

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ut friction under the action of simple forces as the basis for the description of concrete motions like the ones of the planets. This approach was sustained by appro­ priate mathematical methods, namely infinitesimal calculus, which was being developed at that time. In this way classical analytical

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https://doi.org/10.1007/978-3-642-97528-8istic interpretations, the powerful insight and flexibility the martingale approach provides. Preparing this quick survey we have heavily relied on [59] to which we refer for a careful and detailed study of stochastic control with emphasis on probabilistic analysis.

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https://doi.org/10.1007/978-94-011-2524-6Martingale; Optimal control; Potential; Semimartingale; political economy; production; system

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978-94-010-5114-9Springer Science+Business Media Dordrecht 1992

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,Weinhaltige und weinähnliche Getränke, The Brownian motion and its mathematical description, the Wiener process, are indeed still widely used as a starting-point for the conceptualisation of stochastic models, however the increasing interest to account for discontinuity, dynamic features of systems and more general evolutions direct attention to the powerful theory of semimartingales.