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・ Recurse
・ Recursion
・ Recursion (computer science)
・ Recursion (disambiguation)
・ Recursion (novel)
・ Recursion termination
・ Recursion theorem
・ Recursive acronym
・ Recursive ascent parser
・ Recursive Bayesian estimation
・ Recursive categorical syntax
・ Recursive competitive equilibrium
・ Recursive data type
・ Recursive definition
・ Recursive descent parser
Recursive economics
・ Recursive filter
・ Recursive function
・ Recursive grammar
・ Recursive indexing
・ Recursive InterNetwork Architecture (RINA)
・ Recursive join
・ Recursive language
・ Recursive least squares filter
・ Recursive neural network
・ Recursive ordinal
・ Recursive partitioning
・ Recursive recycling
・ Recursive science fiction
・ Recursive self-improvement


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Recursive economics : ウィキペディア英語版
Recursive economics
Recursive economics is a branch of modern economics based on a paradigm of individuals making a series of two-period optimization decisions over time.
==Differences between recursive and neoclassical paradigms==
The neoclassical model assumes a one-period utility maximization for a consumer and one-period profit-maximization by a producer. The adjustment that occurs within that single time period is a subject of considerable debate within the field, and is often left unspecified. A time-series path in the neoclassical model is a series of these one-period utility maximizations.
In contrast, a recursive model involves two or more periods, in which the consumer or producer trades off benefits and costs across the two time periods. This trade-off is sometimes represented in what is called an Euler equation. A time-series path in the recursive model is the result of a series of these two-period decisions.
In the neoclassical model, the consumer or producer maximizes utility (or profits). In the recursive model, the subject maximizes value or welfare, which is the sum of current rewards or benefits and discounted future expected value.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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