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Robustness

Af: Thomas J. Sargent, Lars Peter Hansen Engelsk Paperback

Robustness

Af: Thomas J. Sargent, Lars Peter Hansen Engelsk Paperback
Tjek vores konkurrenters priser

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 and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics.


Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.

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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 and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics.


Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.

Produktdetaljer
Sprog: Engelsk
Sider: 464
ISBN-13: 9780691170978
Indbinding: Paperback
Udgave:
ISBN-10: 0691170975
Kategori: Makroøkonomi
Udg. Dato: 28 jun 2016
Længde: 27mm
Bredde: 253mm
Højde: 181mm
Forlag: Princeton University Press
Oplagsdato: 28 jun 2016
Forfatter(e) Thomas J. Sargent, Lars Peter Hansen


Kategori Makroøkonomi


ISBN-13 9780691170978


Sprog Engelsk


Indbinding Paperback


Sider 464


Udgave


Længde 27mm


Bredde 253mm


Højde 181mm


Udg. Dato 28 jun 2016


Oplagsdato 28 jun 2016


Forlag Princeton University Press

Kategori sammenhænge