Game model for rational expectation of national income
Zhao Wu · Control theory & applications · 2003
Based on the rational expectation a macroeconomic model described by two-person non-cooperative dynamic game and disturbed by stochastic noise was proposed. By introducing Nash equilibrium problem the authors converted the model, and by applying related theories and methods its state feedback Nash equilibrium solutions were obtained. Furthermore, the simulation and calculation were carried out, and the results proved the steady policy.