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Robustness
Robustness
Author: Lars Peter Hansen, Thomas J. Sargent
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen an...  more »
ISBN-13: 9780691114422
ISBN-10: 0691114420
Publication Date: 10/29/2007
Pages: 510
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Publisher: Princeton University Press
Book Type: Hardcover
Other Versions: Paperback
Members Wishing: 0
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