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Chapter 2 introduces Mr. Kuchenfresser, an imaginary economic agent through whom we develop some mathematical examples of simple dynamic optimization problems. The goal is to develop intuition about how the mathematics of dynamic optimization works. This provides a foundation which allows us to expand our model in useful ways. The chapter also formally introduces the concept of an equation of motion, which will prove central to the problems encountered in subsequent chapters.

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Mr. Kuchenfresser

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  • 发表日期：

    2025年

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  • Gerald Shively

摘要

Chapter 2 introduces Mr. Kuchenfresser, an imaginary economic agent through whom we develop some mathematical examples of simple dynamic optimization problems. The goal is to develop intuition about how the mathematics of dynamic optimization works. This provides a foundation which allows us to expand our model in useful ways. The chapter also formally introduces the concept of an equation of motion, which will prove central to the problems encountered in subsequent chapters.