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DTSTART;TZID=America/Los_Angeles:20181203T161500
DTEND;TZID=America/Los_Angeles:20181203T171500
DTSTAMP:20260406T000035
CREATED:20180921T215624Z
LAST-MODIFIED:20181106T161858Z
UID:560-1543853700-1543857300@colleges.claremont.edu
SUMMARY:A Martingale Approach to the Question of Fiscal Stimulus (Michael Imerman\, CGU)
DESCRIPTION:Joint work with Larry Shepp & Philip Ernst \nIn this paper we develop a mathematical model to address an ongoing politico-economic debate between Democrats and Republicans. Democrats in the US say that government spending can be used to “grease the wheels’ of the economy\, create wealth\, and increase employment; the Republicans say that government spending is wasteful\, discourages investment\, and so increases unemployment. These arguments cannot both be correct\, but both arguments seem meritorious. We address this economic question of fiscal stimulus as a new optimal control problem extending the model of Radner-Shepp (1996). A unique solution is found using traditional martingale methods for stochastic optimization along with a numerical procedure to solve a non-homogeneous ODE as the root of an implicit function. Specifically\, we find that there exists an optimal strategy with interesting mathematical properties.
URL:https://colleges.claremont.edu/ccms/event/applied-math-seminar-given-by-prof-michael-imerman-cgu/
LOCATION:Emmy Noether Room\, Millikan 1021\, Pomona College\, 610 N. College Ave.\, Claremont\, California\, 91711
CATEGORIES:Applied Math Seminar
GEO:34.099908;-117.7142522
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DTSTART;TZID=America/Los_Angeles:20181210T161500
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DTSTAMP:20260406T000035
CREATED:20180921T221142Z
LAST-MODIFIED:20181116T192815Z
UID:562-1544458500-1544462100@colleges.claremont.edu
SUMMARY:Transfinite $\zeta$-metrics (Zair Ibragimov\, CMC)
DESCRIPTION:I will discuss the concept of transfinite ζ-metrics. In some details I will discuss transfinite Apollonian metric in the settings of semi-metric spaces. I will discuss specific examples of domains where the transfinite Apollonian metric can be computed explicitly. This is a preliminary work.
URL:https://colleges.claremont.edu/ccms/event/applied-math-seminar-given-by-prof-ibragimov-zair-cmc/
LOCATION:Emmy Noether Room\, Millikan 1021\, Pomona College\, 610 N. College Ave.\, Claremont\, California\, 91711
CATEGORIES:Applied Math Seminar
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