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39 relations: Christopher A. Pissarides, Compensating differential, Consumer choice, Dale T. Mortensen, Econometrica, Economic model, Frictional unemployment, General equilibrium theory, George Stigler, Gittins index, Information economics, Job, Job hunting, Journal of Political Economy, Labour economics, Law of one price, Macroeconomic model, Macroeconomics, Martin Weitzman, Matching theory (economics), Microeconomics, Multi-armed bandit, Nobel Memorial Prize in Economic Sciences, Optimal stopping, Option (finance), Peter Diamond, Price dispersion, Probability distribution, Quarterly Journal of Economics, Real options valuation, Reservation price, Reservation wage, Richard Weber (mathematician), Risk aversion, Search cost, Stochastic, Strategy (game theory), The Review of Economic Studies, Variance.
Christopher A. Pissarides
Sir Christopher Antoniou Pissarides (Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948 at debretts.com) is a British-Cypriot economist.
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Compensating differential
Wage differential is a term used in labour economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job.
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Consumer choice
The theory of consumer and choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves.
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Dale T. Mortensen
Dale Thomas Mortensen (February 2, 1939 – January 9, 2014) was an American economist and Nobel laureate.
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Econometrica
Econometrica is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics.
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Economic model
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.
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Frictional unemployment
Frictional unemployment is the unemployment that results from time spent between jobs when a worker is searching for, or transitioning from one job to another.
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General equilibrium theory
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.
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George Stigler
George Joseph Stigler (January 17, 1911 – December 1, 1991) was an American economist, the 1982 laureate in Nobel Memorial Prize in Economic Sciences and a key leader of the Chicago School of Economics.
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Gittins index
The Gittins index is a measure of the reward that can be achieved by a random process bearing a termination state and evolving from its present state onward, under the option of terminating the said process at every later stage with the accrual of the probabilistic expected reward from that stage up to the attainment of its termination state.
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Information economics
Information economics or the economics of information is a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions.
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Job
A job, or occupation, is a person's role in society.
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Job hunting
Job hunting, job seeking, or job searching is the act of looking for employment, due to unemployment, underemployment, discontent with a current position, or a desire for a better position.
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Journal of Political Economy
The Journal of Political Economy is a bimonthly peer-reviewed academic journal published by the University of Chicago Press.
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Labour economics
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.
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Law of one price
"The law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold in different locations must sell for the same price when prices are expressed in a common currency.
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Macroeconomic model
A macroeconomic model is an analytical tool designed to describe the operation of the economy of a country or a region.
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Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
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Martin Weitzman
Martin Lawrence "Marty" Weitzman (born April 1, 1942) is an economist and a Professor of Economics at Harvard University.
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Matching theory (economics)
In economics, matching theory, also known as search and matching theory, is a mathematical framework attempting to describe the formation of mutually beneficial relationships over time.
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Microeconomics
Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
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Multi-armed bandit
In probability theory, the multi-armed bandit problem (sometimes called the K- or N-armed bandit problem) is a problem in which a fixed limited set of resources must be allocated between competing (alternative) choices in a way that maximizes their expected gain, when each choice's properties are only partially known at the time of allocation, and may become better understood as time passes or by allocating resources to the choice.
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Nobel Memorial Prize in Economic Sciences
The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.
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Optimal stopping
In mathematics, the theory of optimal stopping or early stopping is concerned with the problem of choosing a time to take a particular action, in order to maximise an expected reward or minimise an expected cost.
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Option (finance)
In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.
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Peter Diamond
Peter Arthur Diamond (born, 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s.
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Price dispersion
In economics, price dispersion is variation in prices across sellers of the same item, holding fixed the item's characteristics.
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Probability distribution
In probability theory and statistics, a probability distribution is a mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.
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Quarterly Journal of Economics
The Quarterly Journal of Economics is a peer-reviewed academic journal published by the Oxford University Press.
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Real options valuation
Real options valuation, also often termed real options analysis,Adam Borison (Stanford University).
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Reservation price
Reservation (or reserve) price is a limit on the price of a good or a service.
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Reservation wage
In labor economics, the reservation wage is the lowest wage rate at which a worker would be willing to accept a particular type of job.
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Richard Weber (mathematician)
Richard Robert Weber (born 25 February 1953) is a mathematician working in operational research.
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Risk aversion
In economics and finance, risk aversion is the behavior of humans (especially consumers and investors), when exposed to uncertainty, in attempting to lower that uncertainty.
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Search cost
Search costs are one facet of transaction costs or switching costs.
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Stochastic
The word stochastic is an adjective in English that describes something that was randomly determined.
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Strategy (game theory)
In game theory, a player's strategy is any of the options he or she can choose in a setting where the outcome depends not only on his own actions but on the action of others.
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The Review of Economic Studies
The Review of Economic Studies (also known as RESTUD) is a quarterly peer-reviewed academic journal covering economics.
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Variance
In probability theory and statistics, variance is the expectation of the squared deviation of a random variable from its mean.
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References
[1] https://en.wikipedia.org/wiki/Search_theory
