= Recursive economics
{wiki=Recursive_economics}
Recursive economics is a concept that generally refers to economic models or analyses that utilize recursive methods to understand and evaluate economic behaviors and systems over time. The term "recursive" itself indicates that the process involves referencing or repeating a certain operation or set of operations. In the context of economics, recursive methods can often be found in: 1. **Dynamic Programming**: This approach is used to solve optimization problems where decisions are made at various time periods, and the outcomes depend on previous decisions.
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