A comprehensive analysis of continuous time in dynamic economic models, characterized by differential equations, contrasting with discrete time approaches using difference equations.
A comprehensive examination of continuous time processes, including historical context, key events, detailed explanations, mathematical models, examples, and applications.
Differential games are strategic scenarios played in continuous time where the state of the system evolves according to differential equations influenced by the players' strategies.
A stochastic process is a collection of random variables indexed by time, either in discrete or continuous intervals, providing a mathematical framework for modeling randomness.
