Quantum economics, uncertainty and the optimal grid size

Authors
Shubik, M
Citation
M. Shubik, Quantum economics, uncertainty and the optimal grid size, ECON LETT, 64(3), 1999, pp. 277-278
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
64
Issue
3
Year of publication
1999
Pages
277 - 278
Database
ISI
SICI code
0165-1765(199909)64:3<277:QEUATO>2.0.ZU;2-3
Abstract
The tradeoff between process time and error produces an optimal grid size o n economic activity which is influenced by the rate of interest. The rate o f interest changes the value of time and hence the velocity of money. (C) 1 999 Elsevier Science S.A. All rights reserved.