Hamilton-Jacobi-Bellman

Endogenous Money Theory posits that the supply of money in an economy is determined by the demand for loans rather than being controlled by a central authority, such as a central bank. According to this theory, banks create money through the act of lending; when a bank issues a loan, it simultaneously creates a deposit in the borrower's account, effectively increasing the money supply. This demand-driven perspective contrasts with the exogenous view, which suggests that money supply is dictated by the central bank's policies.

Key components of Endogenous Money Theory include:

• Credit Creation: Banks can issue loans based on their assessment of creditworthiness, leading to an increase in deposits and, therefore, the money supply.
• Market Dynamics: The availability of loans is influenced by economic conditions, such as interest rates and borrower confidence, making the money supply responsive to economic activity.
• Policy Implications: This theory implies that monetary policy should focus on influencing credit conditions rather than directly controlling the money supply, as the latter is inherently linked to the former.

In essence, Endogenous Money Theory highlights the complex interplay between banking, credit, and economic activity, suggesting that money is a byproduct of the lending process within the economy.

A Bode Plot is a graphical representation used in control theory and signal processing to analyze the frequency response of a linear time-invariant system. It consists of two plots: the magnitude plot, which shows the gain of the system in decibels (dB) versus frequency on a logarithmic scale, and the phase plot, which displays the phase shift in degrees versus frequency, also on a logarithmic scale. The magnitude is calculated using the formula:

where $H(j\omega)$ is the transfer function of the system evaluated at the complex frequency $j\omega$. The phase is calculated as:

Bode Plots are particularly useful for determining stability, bandwidth, and the resonance characteristics of the system. They allow engineers to intuitively understand how a system will respond to different frequencies and are essential in designing controllers and filters.

Capital deepening refers to the process of increasing the amount of capital per worker in an economy, which typically leads to enhanced productivity and economic growth. This phenomenon occurs when firms invest in more advanced tools, machinery, or technology, allowing workers to produce more output in the same amount of time. As a result, capital deepening can lead to higher wages and improved living standards for workers, as they become more efficient.

Key factors influencing capital deepening include:

• Investment in technology: Adoption of newer technologies that improve productivity.
• Training and education: Enhancing worker skills to utilize advanced capital effectively.
• Economies of scale: Larger firms may invest more in capital goods, leading to greater output.

In mathematical terms, if $K$ represents capital and $L$ represents labor, then the capital-labor ratio can be expressed as $\frac{K}{L}$. An increase in this ratio indicates capital deepening, signifying that each worker has more capital to work with, thereby boosting overall productivity.

Agent-Based Modeling (ABM) is a computational approach used in economics to simulate the interactions of autonomous agents, such as individuals or firms, within a defined environment. This method allows researchers to explore complex economic phenomena by modeling the behaviors and decisions of agents based on predefined rules. ABM is particularly useful for studying systems where traditional analytical methods fall short, such as in cases of non-linear dynamics, emergence, or heterogeneity among agents.

Key features of ABM in economics include:

• Decentralization: Agents operate independently, making their own decisions based on local information and interactions.
• Adaptation: Agents can adapt their strategies based on past experiences or changes in the environment.
• Emergence: Macro-level patterns and phenomena can emerge from the simple rules governing individual agents, providing insights into market dynamics and collective behavior.

Overall, ABM serves as a powerful tool for economists to analyze and predict outcomes in complex systems, offering a more nuanced understanding of economic interactions and behaviors.

A Brushless DC motor (BLDC) is an electric motor that operates without the need for brushes, which are used in traditional DC motors to transfer electricity to the rotor. Instead, BLDC motors utilize electronic controllers to manage the current flow, which results in reduced wear and tear, increased efficiency, and a longer lifespan. The rotor in a brushless motor is typically equipped with permanent magnets, while the stator contains the windings that create a rotating magnetic field. This design allows for smoother operation, higher torque-to-weight ratios, and a wide range of speed control. Additionally, BLDC motors are commonly used in applications such as electric vehicles, drones, and computer cooling fans due to their high efficiency and reliability.

Pseudorandom Number Generators (PRNGs) sind Algorithmen, die deterministische Sequenzen von Zahlen erzeugen, die den Anschein von Zufälligkeit erwecken. Die Entropie in diesem Kontext bezieht sich auf die Unvorhersehbarkeit und die Informationsvielfalt der erzeugten Zahlen. Höhere Entropie bedeutet, dass die erzeugten Zahlen schwerer vorherzusagen sind, was für kryptografische Anwendungen entscheidend ist. Ein PRNG mit niedriger Entropie kann anfällig für Angriffe sein, da Angreifer Muster in den Ausgaben erkennen und ausnutzen können.

Um die Entropie eines PRNG zu messen, kann man verschiedene statistische Tests durchführen, die die Zufälligkeit der Ausgaben bewerten. In der Praxis ist es oft notwendig, echte Zufallsquellen (wie Umgebungsrauschen) zu nutzen, um die Entropie eines PRNG zu erhöhen und sicherzustellen, dass die erzeugten Zahlen tatsächlich für sicherheitsrelevante Anwendungen geeignet sind.