In computer science, mathematics, management science, economics and bioinformatics, "'dynamic programming "'( also known as "'dynamic optimization "') is a method for solving a complex problem by breaking it down into a collection of simpler subproblems, solving each of those subproblems just once, and storing their solutions ideally, using a memory-based data structure.
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While his research interests have spanned a wide range of topics, he is best known for his work in mathematical economics ( particularly dynamic optimization ) and finance, oligopoly theory and the social economics of cities and crime; he also help spur the development of work at the intersection of economics, finance and physics.
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Bernanke attended Harvard University, where he lived in Winthrop House, as did the future CEO of Goldman Sachs, Lloyd Blankfein, and graduated with an Ph . D . degree in Economics from the Massachusetts Institute of Technology in 1979 after completing and defending his dissertation, " Long-Term Commitments, Dynamic Optimization, and the Business Cycle ".
